According to newly released documents published by The Intercept, OneWest Bank, which was ran by Trump’s treasury secretary nominee, Steven Mnuchin, from 2009 to 2015, repeatedly broke laws in California during the foreclosure crisis.
Although a suit was never brought against the company, the memo states that California’s attorney general “uncovered evidence suggestive of widespread misconduct.”
OneWest is a delightful bank … that has foreclosed on as many as 36,000 homes in California during the foreclosure crisis.
According to the memo, “OneWest rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions.”
The results mentioned are the product of a yearlong investigation into the bank that show consistent violations with a blatant disregard for the law. OneWest is also accused of obstructing justice by ordering third parties to refuse to comply with subpoenas.