Hints and tips:
...Donald Trump’s former US Treasury secretary had made a fortune rehabilitating a failed US mortgage lender after the 2008 financial crisis....
...Mnuchin and Joseph Otting, the former regulator who has taken over as NYCB chief executive, have a history of rebuilding troubled lenders: they bought failed mortgage lender IndyMac from the FDIC in 2008...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...Analysts said the closest precedent was the 2008 collapse of mortgage-focused bank IndyMac....
...Steven Mnuchin made his fortune by swooping in to buy IndyMac, one of the biggest casualties of the mortgage crisis, then selling it for more than twice what he paid five years later....
...The banks closed by the FDIC and named in the lawsuit range from small community lenders to some of the largest casualties of the financial crisis such as IndyMac and Washington Mutual....
...The rule was designed to counter sharp practices in the run-up to the mortgage crisis, when the likes of Countrywide, New Century and IndyMac made billions of dollars of loans that went bad....
...Mr Mnuchin and a group of investors bought the lender, then called IndyMac, in 2008, turning it around. He argued his group was not responsible for creating the risky loans in the IndyMac portfolios....
...mortgage lender, in 2009....
...The memo was dated January 2013, four years after Mr Mnuchin led an investment consortium in taking control of IndyMac, the bust mortgage bank which he renamed OneWest....
...But Mr Mnuchin was quickly excoriated by Democrats who said he “preyed on” homeowners in the last financial crisis by snapping up IndyMac, the collapsed mortgage lender, in 2009....
...On the front lines, the sales techniques can be near-identical to those employed by the likes of Countrywide or IndyMac a decade ago — teams of people hammering the phones in boiler rooms, supporting brokers...
...At issue are loans originated by mortgage companies such as Fremont, New Century, WMC, Countrywide and IndyMac....
...At Goldman he did well in trading mortgage bonds . He entered the partnership in 1994, the year his father retired, rising to chief information officer before leaving in 2002....
...Mr Mnuchin pushed back at criticism from Democrats that he had taken advantage of homeowners since the financial crisis by buying IndyMac, the collapsed mortgage lender....
...Large legal settlements over mortgage-backed securities have also shown banks being held responsible for the misdeeds of their acquired companies before they owned them....
...IndyMac, the California-based lender that was rescued during the financial crisis by a consortium including JC Flowers, George Soros, Michael Dell and John Paulson, is working on a public listing or sale...
...The banks closed by the FDIC range from small community banks to some of the largest casualties of the financial crisis such as IndyMac and Washington Mutual....
...In December 2008, three months after the collapse of Lehman Brothers, JC Flowers joined a consortium that acquired IndyMac Bank, a California-based mortgage lender seized by regulators, for $1.5bn....
...The SEC has sued the former chief executives of New Century, IndyMac and Countrywide. Some of the executives have settled while others are fighting the allegations....
...It is also betting on being able to capitalise on turning round US mortgage lender IndyMac, bought out of bankruptcy in 2009....
...RBS bundled home loans from subprime lenders Fremont General, First Franklin Financial, Countrywide Financial, IndyMac and WMC Mortgage and packaged them into securities for sale to investors, Ms Coakley...
...Also under review are 575 foreclosures at OneWest, formerly known as IndyMac; 87 at HSBC; 80 at US Bancorp; 56 at Aurora, formerly known as Lehman Brothers Bank; 25 at MetLife; six at Sovereign; and three...
...in six IndyMac offerings of residential mortgage-backed securities (RMBS) totaling $2.5 billion....
...IndyMac had been seized by the Federal Deposit Insurance Corporation in 2008 after bingeing on risky home loans....
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