California investigators wanted to sue Mnuchin bank over foreclosures

Livinglies's Weblog

California investigators wanted to file a lawsuit in 2013 against a bank owned by Steven Mnuchin, President-elect Donald Trump’s pick to run the Treasury Department, for misconduct during foreclosures, according to an internal memo obtained by CNN.

The memo and a draft civil complaint accused the bank, OneWest, of backdating thousands of documents, violating rules for waiting periods and tampering with foreclosure auctions beginning in 2009.

A spokesman for Mnuchin told CNN the memo and complaint were meritless and belong “in the garbage.” They were first reported by The Intercept.

The California attorney general at the time, Kamala Harris, never authorized the lawsuit. A senior lawyer familiar with the case told CNN that by the time the recommendation was delivered, most of the potential benefits to consumers had already been achieved through the California Homeowner Bill of Rights, which became law in January 2013. Harris was elected to…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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