President-elect Donald J. Trump has indicated that he intends to name two people with mortgage ties to his cabinet. One previously owned an Ocwen Financial Corp. unit, and the other wants to privatize the government-sponsored enterprises.
A statement Wednesday from Trump said that he intends to nominate Steven Mnuchin for the role of Treasury Department Secretary. In addition, Trump said he intends to nominate billionaire Wilbur Ross as Secretary of the Department of Commerce.
Mnuchin, who is a former Goldman Sachs Group Inc. partner, was among a group of investors behind the OneWest Bank FSB acquisition of failed IndyMac Federal Bank FSB from the Federal Deposit Insurance Corp. in 2009.
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