Alleged serial mail bomber Cesar Sayoc once owned a home that was foreclosed on by IndyMac, the financial institution which changed its name to OneWest Bank and was formerly owned by Treasury Secretary Steven Mnuchin.
Documents confirmed by Associated Press show that a south Florida home owned by Sayoc went into foreclosure on Jan. 7, 2009, according to Florida property and court records. Overseeing the foreclosure was the California-based IndyMac. The bank itself failed during the recession and was obtained by a group of investors that included Mnuchin and renamed OneWest, eventually becoming the largest bank in Southern California. During his confirmation hearings, facing criticisms of his handling of foreclosures, Mnuchin characterized the bank as a “loan modification machine.”
