Share Save Related Articles in Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Government Steven Mnuchin The U.S. Department of the Treasury Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Previous: VP Pence Hires New Chief Economist Next: Quicken Loans, DOJ Take First Step in Legal Battle About Author: Mirasha Brown Government Steven Mnuchin The U.S. Department of the Treasury 2017-02-13 Mirasha Brown Mnuchin Secures Treasury Secretary Position The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Featured / Mnuchin Secures Treasury Secretary Position February 13, 2017 1,042 Views Sign up for DS News Daily Is Rise in Forbearance Volume Cause for Concern? 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Steven MnuchinAlthough his journey was rough, Steven Mnuchin, former Goldman Sachs and OneWest executive, was confirmed by the U.S. Senate as the 77th U.S. Secretary of the Treasury on Monday evening.Leading up to the final vote, some Democratic members insinuated that his businesses aided in the financial crisis of 2008 during his Senate Confirmation hearing on January 19. When it came time to vote on January 31, Senate Democrats staged a boycott, which Senate Finance Committee Chairman Sen. Orrin Hatch (R-Utah) called “abysmal.”“This has never happened before, that we’ve had this kind of treatment of cabinet officials,” Hatch said. “This is the most pathetic thing I’ve seen in my whole time in the United States Senate.”Ed Delgado, President of The Five Star Institute and former Wells Fargo executive, called Mnuchin a “competent choice” for Treasury Secretary. “His plans to roll back burdensome regulations and advance GSE reform will help foster progress and growth in the industry and the economy,” Delgado said. “He should not be labeled as the architect behind the 2008 financial crisis. The reality is that Mnuchin’s leadership during his tenure at OneWest defended American homeowners by making available programs that offered loan modifications to eligible borrowers.”Michael S. Barr—an architect of Dodd-Frank, the former Assistant Secretary of the Treasury for Financial Institutions, and a financial reform expert at the University of Michigan Law School—issued the following statement regarding Steven Mnuchin’s role as Treasury Secretary:“With a new Treasury Secretary in place, the Administration’s focus will now shift to the substance of financial reform. Will they continue to propose gutting consumer and investor protections and removing the guardrails put in place after the financial crisis, or will they actually focus on investing in communities, including real community bank relief? As I argued in a recent Russell Sage Foundation journal on this topic, the Treasury and independent agencies should work to deepen our oversight of shadow banking, reduce reliance on hot money, and strengthen consumer and investor protections. We need to make the financial system safer and fairer, and focus on helping households and businesses, rather than return to the practices that brought us the devastating Financial Crisis of 2008.” When Mnuchin was nominated by President Trump, he indicated that he would roll back key provisions of the Dodd-Frank Act, signed into law by President Barack Obama in 2010 to regulate Wall Street. He also said he would end the governmental conservatorship of Fannie Mae and Freddie Mac.Mnuchin succeeds Jacob Lew, who served as Treasury Secretary for almost four years before stepping down on January 20. Adam Szubin served as interim Treasury Secretary while awaiting Mnuchin’s confirmation.(Editor’s note: This is a developing story. Please check back for more information.) Demand Propels Home Prices Upward 2 days ago
A LONE strike from Jermaine Garrett was good enough to help Guyana clinch a 1-0 victory over hosts St Martin to win the U-15 SOUALIGA Cup on Sunday.Guyana finished undefeated, scoring eight goals in their six games played, while being able to keep a clean sheet throughout the ten-team tournament.The Bryan Joseph-coached side played to a scoreless draw in their matches against Barbados and Guadeloupe, but beat Martinique 1-0 in their third game, then crush the British Virgin Islands (BVI) in their quarter-final game.Guyana then clinched their spot in the final with a 1-0 win over Dominica, with Technical Director Ian Greenwood showering the team with praise for their level of play.After clinching the tournament title, Greenwood said that there’s “still a long way to go with this group of players, but I know with more training and through the Academy Training Centres (ATC) we will get there. We have to ensure that the guys stay focused and stick with the objective. With this group of players, five years down the line, we’re looking for them to be National senior team players.”The team was selected from the GFF-Scotiabank Academy Training Centres (ATC) – East Coast (4); East Bank (1); Georgetown (5); Rupununi (3); Bartica (1); Berbice (1) and one player from Region 1.Greenwood explained, prior to the team’s departure that the tournament in St Martin will serve as preparation for the CONCACAF U-15 tournament which will be played August 13-19 at the IMG Academy in Bradenton, Florida.