The irony of Donald Trump's own mortgage history is being touted by his administration as evidence of mortgage fraud. The former president signed two separate mortgage agreements in the early 1990s, both claiming that one of his Palm Beach properties would serve as his primary residence. However, records show that neither property was ever used as a primary residence, but rather rented out to generate income.
This is a stark contrast to Trump's rhetoric on the issue, where he has accused others of mortgage fraud for claiming more than one primary residence. In reality, Trump's dual mortgages were likely legitimate business decisions, and experts say it's not uncommon for people to have multiple primary residences or claim different properties as their main home.
The discrepancy raises questions about the administration's motives behind their accusations. If they're serious about cracking down on mortgage fraud, why did they let Trump off the hook? Trump himself seemed unconcerned with his own actions when questioned by a ProPublica reporter earlier this year.
It appears that the administration is using these claims to paint other politicians and critics as dishonest or corrupt. The case against New York Attorney General Letitia James, who purchased a house in Virginia and claimed it was her primary residence, bears some resemblance to Trump's own actions. However, the difference lies in intent: while Trump likely knew his homes were being rented out, James has denied any wrongdoing.
The double standard is also evident in how the administration has treated other critics, such as Rep. Eric Swalwell and Sen. Adam Schiff. The Trump Justice Department has made similar accusations against them, only to later drop the charges or dismiss them as unfounded.
It's worth noting that mortgage experts say it's rare for lenders to pursue criminal charges for alleged primary residence misrepresentations. In many cases, these errors can be chalked up to clerical mistakes or legitimate business decisions. Perhaps Trump's own history should have been used to inform the administration's approach rather than being exploited as a tool for political leverage.
Ultimately, it seems that the Trump administration is more interested in demonizing their opponents and scoring political points than in pursuing real cases of mortgage fraud. As the saying goes: "what goes around comes around."
This is a stark contrast to Trump's rhetoric on the issue, where he has accused others of mortgage fraud for claiming more than one primary residence. In reality, Trump's dual mortgages were likely legitimate business decisions, and experts say it's not uncommon for people to have multiple primary residences or claim different properties as their main home.
The discrepancy raises questions about the administration's motives behind their accusations. If they're serious about cracking down on mortgage fraud, why did they let Trump off the hook? Trump himself seemed unconcerned with his own actions when questioned by a ProPublica reporter earlier this year.
It appears that the administration is using these claims to paint other politicians and critics as dishonest or corrupt. The case against New York Attorney General Letitia James, who purchased a house in Virginia and claimed it was her primary residence, bears some resemblance to Trump's own actions. However, the difference lies in intent: while Trump likely knew his homes were being rented out, James has denied any wrongdoing.
The double standard is also evident in how the administration has treated other critics, such as Rep. Eric Swalwell and Sen. Adam Schiff. The Trump Justice Department has made similar accusations against them, only to later drop the charges or dismiss them as unfounded.
It's worth noting that mortgage experts say it's rare for lenders to pursue criminal charges for alleged primary residence misrepresentations. In many cases, these errors can be chalked up to clerical mistakes or legitimate business decisions. Perhaps Trump's own history should have been used to inform the administration's approach rather than being exploited as a tool for political leverage.
Ultimately, it seems that the Trump administration is more interested in demonizing their opponents and scoring political points than in pursuing real cases of mortgage fraud. As the saying goes: "what goes around comes around."