Joseph Otting

Former Treasury Secretary Steven Mnuchin and a group of outside investors have invested more than $1 billion in New York Community Bancorp Inc (NYSE:NYCB). Mnuchin explained the investment in the troubled regional bank Thursday in an interview on CNBC’s “Squawk On The Street.”...

Love him or hate him, Treasury Secretary Steven Mnuchin may be the best and last hope for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors. Mnuchin’s ability to assemble a “dream team” of cooperators as heads of Fannie Mae...