Trump treasury pick Steven Mnuchin deemed 'foreclosure king'
- 7 years ago
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.