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The Wall Street Publication > Blog > Politics > Mortgage fraud is just okay when MAGA does it
Politics

Mortgage fraud is just okay when MAGA does it

Editorial Board Published November 15, 2025
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Mortgage fraud is just okay when MAGA does it
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The most recent sham investigation by Federal Housing Finance Company Director Invoice Pulte, primarily based on sham invocations of mortgage fraud, simply bought referred to the Division of Justice in order that Mr. Weaponization Working Group himself, Ed Martin, can seemingly kick off a sham prosecution.

This time, it’s California Democratic Rep. Eric Swalwell.

Mortgage fraud is just okay when MAGA does it
Democratic Rep. Eric Swalwell of California

So bizarre that these completely impartial and truthful investigations simply occur to at all times converge on individuals Trump perceives as his enemies, proper? What are the percentages?

It’s particularly bizarre on condition that Pulte actually wanted to look no farther than his personal father and stepmother to find the type of mortgage preparations he insists are fraudulent. 

Oh good day, Pulte’s daddy. It appears such as you and your spouse simply occur to be claiming two homestead exemptions, one in Michigan, and one in Florida. Neat trick, actually. Dad claimed one exemption, stepmom claimed the opposite, and that little little bit of what Pulte says is prosecutable fraud when anybody else does it seemingly saved his dad and mom an estimated $158,000 in taxes for 2025 alone. 

However now, if Federal Reserve Board of Governor member Lisa Prepare dinner did that, it’s for positive fraud, proper?

FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)
Federal Reserve Board of Governor member Lisa Prepare dinner

Hmm. Properly, that’s simply his dad and mom. They’re not a part of the administration, and positively nobody in Trump’s administration would have any type of untoward mortgage preparations. 

Properly, apart from Treasury Secretary Scott Bessent, who has two main residences, one in Bedford Hills, New York, and one in Provincetown, Massachusetts. 

Oh, and apart from Labor Secretary Lori Chavez-DeRemer, who did two main residence mortgages again to again in a rush, together with one for her second residence in Arizona.

Oh additionally, and apart from Transportation Secretary Sean Duffy, who has a main residence in New Jersey and one other one in Washington, D.C.

Sorry, wait, yet another. Environmental Safety Company Director Lee Zeldin has one main residence in Lengthy Island and one other in D.C. 

When confronted with the truth that a number of Cupboard members have the identical sort of mortgage preparations that Pulte says was legal conduct when undertaken by anybody with a (D) after their title, the White Home went with one among 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 Home stated in an announcement to ProPublica.

Present your work.

FILE - New York Attorney General Letitia James speaks during a news conference, in New York, June 11, 2019. (AP Photo/Mary Altaffer, File)
New York Lawyer Normal Letitia James

Oh good day once more, Pulte’s daddy. Did you hire out one among your main exemption homestead houses this yr? Whoopsie, that’s tremendous unlawful, and is what your son decided was utterly fraudtastic conduct on the a part of New York Lawyer Normal Letitia James. 

Now, because of Interim U.S. Lawyer Lindsey Halligan, at all times the primary Florida insurance coverage lawyer in our hearts, the DOJ did rating an indictment in opposition to James, although it seems to be quickly falling aside. James’ mortgage contract didn’t prohibit renting and it additionally appears like Halligan could have simply withheld exculpatory proof from the grand jury to get that indictment.

There aren’t any guardrails left to cease Pulte, nevertheless, as as soon as the Fannie Mae watchdogs began wanting into whether or not Pulte improperly obtained mortgage information of Democrats Trump hates, they referred it as much as the Workplace of the Inspector Normal for FHFA, after which the performing inspector common despatched it to the U.S. Lawyer’s workplace within the Japanese District of Virginia and … we’re again to Halligan. 

So, the ethics and inner investigation people at Fannie Mae have been fired after which Trump fired FHFA’s performing inspector common, only for good measure.

That’s one method to remedy it. Nothing goes to face in the way in which of Pulte utilizing his place improperly to gin up sham prices that simply by some means occur to be issues which are completely nice when Republicans—like his daddy—do them. 

TAGGED:fraudMAGAMortgage
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