Trump’s Own Mortgages Match His Description of Mortgage Fraud, Records Reveal.
For months, the Trump administration has been accusing its political enemies of mortgage fraud for claiming more than one primary residence.
In 1993, Trump signed a mortgage for a “Bermuda style” home in Palm Beach, Florida, pledging that it would be his principal residence.
Just seven weeks later, he got another mortgage for a seven-bedroom, marble-floored neighboring property, attesting that it too would be his principal residence.
Mortgage law experts who reviewed the records for ProPublica were struck by the irony of Trump’s dual mortgages.
They said claiming primary residences on different mortgages at the same time, as Trump did, is often legal and rarely prosecuted.
But Trump’s two loans, they said, exceed the low bar the Trump administration itself has set for mortgage fraud. »