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Trump officially picks Mnuchin for Treasury

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Mortgage Professional America | 30 Nov 2016, 11:09 AM Agree 0
Long considered the frontrunner for the job, the hedge fund CEO has confirmed that he’s been selected to serve as Treasury secretary
  • Not Impressed | | 30 Nov 2016, 01:05 PM Agree 0
    Drain the swamp, and fill it with a Wall St. foreclosure Piranha
  • Griff | | 30 Nov 2016, 04:16 PM Agree 0
    It is pretty amazing what Drumpf found at the bottom of the swamp. Bet that is not exactly what his support group had in mind.
  • NoSpnJustFacts | | 30 Nov 2016, 05:37 PM Agree 0
    Sad Ryan Smith has created an article with spin and leaving out the facts. The IndyMac portfolio had a 30% default rate due to the "got a pulse get a mortgage" mortgages IndyMac was pushing at request of Barney Frank and his Washington DC bureaucrats. The majority of these folks had no means to own a home - they were destined to foreclosures. The propensity of the borrowers were to milk their free housing and not move out early through a short sale or deed in lieu.

    Ah the protest, of course these folks felt entitled to stay in a home for free as long as possible. Fortunately, instead of letting the houses rot and become public nuances that was all too common with the Big Banks, the homes were foreclosed upon and sold so families willing to pay for their homes could be housed and strengthen their neighborhoods.

    Sounds like Mr. Mnuchin is exactly what is missing from the Washington DC Bureaucrats, accountability to making the tough choices required to clean the swamp.
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