Trump treasury pick Steven Mnuchin deemed 'foreclosure king'

Wibbitz Top Stories 2017-01-19

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President-elect Donald Trump's pick for treasury secretary Steven Mnuchin was slammed by homeowners who say they were treated unfairly. Nearly 36,000 homeowners faced mortgage foreclosures in 2008 by a bank previously run by Mnuchin. Mnuchin will begin his confirmation hearing on Thursday by explaining his foreclosure record following criticism from Democrats. The California-based bank, OneWest, was investigated for becoming profitable by violating the state's foreclosure laws. Democrats have labeled Mnuchin as the "foreclosure king" in connection with the housing crisis of 2008.

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