Progressives Pressure Hillary on Wall Street Appointees – NMP Skip to main content

Progressives Pressure Hillary on Wall Street Appointees

Aug 11, 2016
Ditech Holding, a Fort Washington, Pa.-based originator and servicer of mortgages and a servicer of reverse mortgages, has been delisted from the New York Stock Exchange (NYSE)

Hillary Clinton’s ties to Wall Street was the subject of an effort by 15 progressive groups to keep financial services executives out of her transition team and her cabinet if she wins the presidential election.

According to a Bloomberg report, this progressive coalition—which includes MoveOn.org, Democracy for America, Public Citizen, the Working Families Party and the Communications Workers of America—sent a letter to Clinton yesterday arguing that “personnel is policy” while adding that “too many Wall Street executives and corporate insiders have traveled through the revolving door between private industry and government.” They also challenged the Democratic Party nominee to openly promise that she would keep Wall Street executives at arm’s length.

“Moreover,” the letter stated, “we urge you to publicly state that, should you win the presidency, you will appoint personnel from backgrounds in public interest advocacy, academia, and public service to influential positions within your administration, rather than merely drawing from the usual set of corporate insiders.”

Clinton’s ties to Wall Street were a sore point in her primary campaign against Vermont Sen. Bernie Sanders, with many progressives complaining about her relationship with the major financial firms. The Clinton campaign did not publicly respond to the letter sent by the progressive groups.

About the author
Published
Aug 11, 2016
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026