Senate Democrats are scrutinizing the likely new Treasury secretary’s record on foreclosures while he was chief of OneWest Bank Group LLC.

Steven Mnuchin was the chairman and chief executive officer of the parent of OneWest Bank FSB before it was acquired last year by CIT Group Inc.

Last month, President-elect Donald J. Trump indicated that he intended to nominate Mnuchin to be secretary of the Department of the Treasury.

Source: Mortgage Daily