Wonkbook: Whistleblower suit alleges widespread problems at bank run by Treasury nominee Mnuchin

By Ylan Q. Mui Whistleblowers connected to the California mortgage lender once run by Treasury secretary nominee Steven T. Mnuchin have accused the bank in federal court of mishandling more than a thousand applications for loan modifications during his tenure -- potentially costing many borrowers their homes. One of the whistleblowers, Andrew Mitchell, worked at …   The latest economic and domestic policy from Wonkblog   Steve Mnuchin, President-elect Trump's nominee for treasury secretary, walks outside the Eisenhower Executive Office Building following meetings on Friday.  (EPA/Michael Reynolds) By Ylan Q. Mui Whistleblowers connected to the California mortgage lender once run by Treasury secretary nominee Steven T. Mnuchin have accused the bank in federal court of mishandling more than a thousand applications for loan modifications during his tenure -- potentially costing many borrowers their homes. One of the whistleblowers, Andrew Mitchell, worked at OneWest for three years and was responsible for processing mortgage modification requests. In a lawsuit filed in 2014, Mitchell said he aired his concerns directly with Mnuchin and other top OneWest executives but that the issues were not resolved. The case is currently under review by the Justice Department, which is required to assess all complaints brought under the federal False Claims Act, commonly known as the whistleblower law. Court records show the DOJ is slated to determine whether to prosecute the case by the end of March -- well after President-elect Donald Trump's administration hopes to have Sen. Jeff Sessions (R-Alabama) installed to lead the agency and Mnuchin confirmed as Treasury secretary. Read the rest on Wonkblog. ADVERTISEMENT   Nerdy pet peeve: Reports saying ACA replacement plans use tax credits vs. the ACA's premium subsidies. The ACA's subsidies ARE tax credits. — Larry Levitt (@larry_levitt) January 18, 2017 Basically, Rick Perry meant to apply for the Interior Department. Oops. https://t.co/GOmWu80XKo — Alec MacGillis (@AlecMacGillis) January 19, 2017 "It is true that behind closed doors I curse more," says @POTUS. — Sahil Kapur (@sahilkapur) January 18, 2017   NYC has no helmet law, 38 million bike share trips & 0 deaths. Seattle has a helmet law & 1 dead bike share system https://t.co/UsaW1Bs7lk — Janette Sadik-Khan (@JSadikKhan) January 17, 2017 Most Recent Posts from Wonkblog Trump’s treasury nominee defends his record at bank labeled as ‘foreclosure machine’ Mnuchin: 'Nothing could be further from the truth' By Ylan Q. Mui  •  Read more »   Trump is putting the wolves of Wall Street in charge of America’s economy Don't be fooled: Trump's advisers aren't great businessmen. By Steven Pearlstein  •  Read more »   Treasury nominee initially omitted more than $100 million from disclosures, Democratic memo says Steven T. Mnuchin also appears to have ties to a business in the Cayman Islands. By Ylan Q. Mui and Ed O'Keefe  •  Read more »   Maker of $34,000-a-vial drug to pay $100 million for allegedly preventing competition A company allegedly bought a competitor to protect its monopoly on a rare-disease drug. By Carolyn Y. Johnson  •  Read more »   Whistleblower suit alleges widespread problems at bank run by Treasury nominee Mnuchin By Ylan Q. Mui  •  Read more »   Inflation breaches 2-year high in signs of a strengthening economy The new reading shows the sustained growth of the past few years may have finally absorbed slack in the economy. By Ana Swanson  •  Read more »   Commerce nominee Ross says top priority is renegotiating NAFTA "I am not anti-trade. I am pro-trade," he said. By Ylan Q. Mui  •  Read more »   ADVERTISEMENT   The serious contradiction in Trump’s views on the dollar Trump says he wants a weaker dollar. But most of his policy proposals say the opposite By Ana Swanson  •  Read more »   Why one of Obama’s favorite programs isn’t going away As Obama leaves the White House, more companies say they plan to invest in My Brother's Keeper and open doors for minority youths. By Tracy Jan  •  Read more »   Americans have been lying to themselves about the economy for way too long The problem with the biggest myth in American history By Jeff Guo  •  Read more »           Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2017 The Washington Post, 1301 K St NW, Washington DC 20071