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Mnuchin Lied About His Bank's History of Robo-Signing Foreclosure Documents
Dayen, David http://theintercept.com/2017/01/25/mnuchin-lied-about-his-banks-history-of-robo-signing-foreclosure-documents/
Publisher: The Intercept
Date Written: 25/01/2017
Year Published: 2017
Resource Type: Article
Treasury secretary nominee Steven Mnuchin lied in his written responses to the Senate Finance Committee, claiming that "OneWest Bank did not 'robo-sign' documents," when ample evidence proves that they did.
Abstract:
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Excerpt:
Mnuchin ran OneWest Bank from 2009 to 2015 in a manner so ruthless to mortgage holders that he has been dubbed the "Foreclosure King" by his critics.
The robo-signing scandal involved mortgage companies having their employees falsely sign hundreds of affidavits per week attesting that they had reviewed and verified all the business records associated with a foreclosure -- when in fact they never read through the material and just blindly signed off. Those records, in many cases, were prepared improperly, but the foreclosures went ahead anyway because of the fraudulent affidavits.
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