Fannie Mae exec with ties to Mnuchin is among candidates for consumer protection boss

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Fannie Mae exec with ties to Mnuchin is among candidates for consumer protection boss

Fannie Mae exec with ties to Mnuchin is among candidates for consumer protection boss

CNBC-

The White House is considering a top official at Fannie Mae to head the Consumer Financial Protection Bureau, according to two people familiar with the discussion.

Brian Brooks is currently the mortgage financing giant’s general counsel and has close ties to Treasury secretary nominee Steven Mnuchin. Brooks represented several of the investors in Mnuchin’s purchase of failed subprime mortgage lender IndyMac for $1.6 billion in 2009. The bank was renamed OneWest, and Brooks joined the company as vice chairman.

He left the bank for Fannie Mae in 2014, shortly before OneWest was acquired by CIT Group.

[CNBC]

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