Mortgage fraud is only okay when MAGA does it
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The latest sham investigation by Federal Housing Finance Agency Director Bill Pulte, based on sham invocations of mortgage fraud, just got referred to the Department of Justice so that Mr. Weaponization Working Group himself, Ed Martin, can likely kick off aMortgage fraud is only okay when MAGA does it
The latest sham investigation by Federal Housing Finance Agency Director Bill Pulte, based on sham invocations of mortgage fraud, just got referred to the Department of Justice so that Mr. Weaponization Working Group himself, Ed Martin, can likely kick off a sham prosecution. This time, it’s California Democratic Rep. Eric Swalwell. Democratic Rep. Eric Swalwell of California So weird that these totally neutral and fair investigations just happen to always converge on people Trump perceives as his enemies, right? What are the odds? It’s especially weird given that Pulte really needed to look no farther than his own father and stepmother to locate the kind of mortgage arrangements he insists are fraudulent. Oh hello, Pulte’s daddy. It looks like you and your wife just happen to be claiming two homestead exemptions, one in Michigan, and one in Florida. Neat trick, really. Dad claimed one exemption, stepmom claimed the other, and that little bit of what Pulte says is prosecutable fraud when anyone else does it likely saved his parents an estimated $158,000 in taxes for 2025 alone. But now, if Federal Reserve Board of Governor member Lisa Cook did that, it is for sure fraud, right? Federal Reserve Board of Governor member Lisa Cook Hmm. Well, that’s just his parents. They’re not part of the administration, and definitely no one in Trump’s administration would have any sort of untoward mortgage arrangements. Well, except for Treasury Secretary Scott Bessent, who has two primary residences, one in Bedford Hills, New York, and one in Provincetown, Massachusetts. Oh, and except for Labor Secretary Lori Chavez-DeRemer, who did two primary residence mortgages back to back in a hurry, including one for her second home in Arizona. Oh also, and except for Transportation Secretary Sean Duffy, who has a primary residence in New Jersey and another one in Washington, D.C. Sorry, wait, one more. Environmental Protection Agency Director Lee Zeldin has one primary residence in Long Island and another in D.C. When faced with the fact that multiple Cabinet members have the same type of mortgage arrangements that Pulte says was criminal behavior when undertaken by anyone with a (D) after their name, the White House went with one of its blustery, fact-free denials. “This is just another hit piece from a left-wing dark money group that constantly attempts to smear President Trump’s incredible Cabinet members. Unlike [Fed Gov.] Lisa ‘Corrupt’ Cook who blatantly and intentionally committed mortgage fraud, Secretary DeRemer, Secretary Duffy, and Administrator Zeldin own multiple residences, and they have followed the law and they are fully compliant with all ethical obligations,” the White House said in a statement to ProPublica. Show your work. New York Attorney General Letitia James Oh hello again, Pulte’s daddy. Did you rent out one of your primary exemption homestead homes this year? Whoopsie, that’s super illegal, and is what your son determined was completely fraudtastic behavior on the part of New York Attorney General Letitia James. Now, thanks to Interim U.S. Attorney Lindsey Halligan, always the number one Florida insurance lawyer in our hearts, the DOJ did score an indictment against James, though it appears to be rapidly falling apart. James’ mortgage contract did not prohibit renting and it also looks like Halligan may have just withheld exculpatory evidence from the grand jury to get that indictment. There are no guardrails left to stop Pulte, however, as once the Fannie Mae watchdogs started looking into whether Pulte improperly obtained mortgage records of Democrats Trump hates, they referred it up to the Office of the Inspector General for FHFA, and then the acting inspector general sent it to the U.S. Attorney’s office in the Eastern District of Virginia and … we’re back to Halligan. So, the ethics and internal investigation folks at Fannie Mae were fired and then Trump fired FHFA’s acting inspector general, just for good measure. That’s one way to solve it. Nothing is going to stand in the way of Pulte using his position improperly to gin up sham charges that just somehow happen to be things that are totally fine when Republicans—like his daddy—do them. Read more

