Senator Demands Treasury Nominee Steve Mnuchin Tell the Truth About Robo-Signing

SEN. BOB CASEY, D-Pa., has angrily responded to treasury secretary nominee Steven Mnuchin’s false responses to questions submitted for the record to the Senate Finance Committee, stating that Mnuchin’s “answers to basic questions are at war with facts.” The Intercept called attention to those responses on Wednesday.

Casey had asked Mnuchin if OneWest Bank, which Mnuchin led from 2009 to 2015, engaged in “robo-signing” — a process by which employees rapidly signed off on affidavits and other documents in foreclosure cases without proper reviews, creating false evidence submitted to courtrooms and county offices.

Mnuchin claimed that OneWest did not robo-sign documents, despite abundant evidence to the contrary, including an admission of guilt from a OneWest employee in a 2009 deposition.

“This seems to be part of a pattern with Mr. Mnuchin,” Casey said in a statement emailed to The Intercept.

The senator referred to a question he asked during Mnuchin’s confirmation hearing, where the nominee stated that OneWest engaged in 100,000 home loan modifications. However, this number, taken from a 2013 Treasury Department report, refers only to “trial plan offers extended” under the Home Affordable Modification Program, or HAMP. “The true number wasn’t even close to that,” Casey said correctly; as of the 2013 report, only about 36,000 of those modifications were even active, and that doesn’t count loans that later re-defaulted.

Read on.

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