Friday, September 19, 2025

Trump Is Accusing Foes With Multiple Mortgages of Fraud

The Trump administration has vowed to go after anyone who got lower mortgage rates by claiming more than one primary residence on their loan papers. President Donald Trump has used it as a justification to target political foes, including a governor on the Federal Reserve Board, a Democratic U.S. senator and a state attorney general.

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... Real estate experts say claiming primary residences on different mortgages at the same time is often legal and rarely prosecuted.

But if administration officials continue the campaign, mortgage records show there's another place they could look: Trump's own Cabinet.

Underscoring how common the practice is, ProPublica found that at least three of Trump's Cabinet members call multiple homes their primary residences on mortgages. We discovered the loans while examining financial disclosure forms, county real estate records and publicly available mortgage data provided by Hunterbrook Media.

Labor Secretary Lori Chavez-DeRemer entered into two primary-residence mortgages in quick succession, including for a second home near a country club in Arizona, where she's known to vacation.

Transportation Secretary Sean Duffy has primary-residence mortgages in New Jersey and Washington, D.C.

Lee Zeldin, the Environmental Protection Agency administrator, has one primary-residence mortgage in Long Island and another in Washington, D.C., according to loan records.

In a flurry of interviews and rapid-fire posts on X, Bill Pulte, the Federal Housing Finance Agency director, has led the charge in accusing Trump opponents of mortgage fraud. "If somebody is claiming two primary residences, that is not appropriate, and we will refer it for criminal investigation," Pulte said last month. ...



#1 | Posted by LampLighter at 2025-09-19 12:07 AM

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