Steven Mnuchin, Treasury secretary nominee for President Donald Trump, speaks during a Senate hearing in Washington on Jan. 19. Photographer: Andrew Harrer/Bloomberg The Senate confirmed Steven T. Mnuchin as Treasury secretary Monday evening, putting an end to a contentious and protracted debate while adding another former banker to President Trump’s roster of advisers. Mnuchin ran a bank, OneWest, that foreclosed on tens of thousands of Americans following the financial crisis, and Democrats argued that he would not represent the financial interests of ordinary Americans in office.
Category: Foreclosures
U.S. Senate Expected to Confirm Mnuchin as Treasury Secretary
The U.S. Senate is expected to confirm former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, returning a Wall Street veteran to the top U.S. economic and financial job for the first time in eight years. Mnuchin’s appointment to Treasury signals the Trump administration’s trust in bankers and other senior business executives after Democrat Barack Obama launched his presidency with career regulator Timothy Geithner running Treasury and a mandate to rein in Wall Street for its role in the 2007-2009 financial crisis.
Mortgage Rates Today, Friday, Dec. 23: Slight Dip; Foreclosure…
Heading into Christmas weekend, mortgage rates are easing slightly with 30-year fixed loans and 5/1 ARM rates dipping and 15-year fixed loans remaining the same on Friday, according to a NerdWallet survey of mortgage rates published by national lenders this morning. Some homeowners in the U.S. are struggling to repay their mortgage.