Mnuchin's Bank Was Reprimanded by the Same Department He May Lead
Documents show that state prosecutors and Treasury Department regulators believed Steve Mnuchin's bank was mishandling foreclosures at the height of the financial crisis.
In 2011, at the peak of the housing crisis, regulators for the Treasury Department ordered Steve Mnuchin and directors at OneWest Bank in California to fix the bank’s questionable handling of home loans. In a filed that year by the department’s Office of Thrift Supervision, regulators accused the bank of using “” methods for dealing with mortgage loans and foreclosures in 2009 and 2010. They and third-party providers lied in foreclosure paperwork filed in state and federal courts about information related to the ownership of many home loans, money due on the loans, and the fees chargeable to the borrower. They
