Records here dispute Treasury nominees denial of mortgage-crisis robo-signing'

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A bank founded by Steven Mnuchin, President Trump’s nominee for Treasury secretary, engaged in ethically questionable foreclosure practices in Washington state — including so-called “robo-signing” of documents.

OneWest Bank employees robo-signed numerous foreclosure-related filings in the Seattle area, documents show. The bank also was sanctioned in 2013 by a Seattle federal judge for obstructionist tactics in a foreclosure lawsuit.

Mnuchin, a former Goldman Sachs banker who was the Trump campaign’s finance chairman, is scheduled for a Senate confirmation vote on Monday.

Mnuchin joined with other investors to create OneWest in 2009, purchasing assets of the bankrupt California lender IndyMac. Under Mnuchin’s watch, consumer advocates labeled OneWest a “foreclosure machine” for its aggressive moves to force defaulting homeowners out of their houses.

http://www.seattletimes.com/seattle-news/politics/records-here-dispute-treasury-nominees-denial-of-mortgage-crisis-robo-signing/

[Else You Are Mad]

1. Let me tell you

I have represented clients that had indymac/onewest mortgages and I can tell you that they indeed engaged in predatory loans and in hyperagressive foreclosure practices. I have had to go to court numerous times representing defendants that have been screwed by the indymac/onewest. They are one of the least forgiving mortgage companies I have ever had the displeasure of working with.