"Trump's Mortgage Scandal Hits Home in His Own Administration"

Trump's Mortgage Fraud Smears Boomerang on His Own Administration The Trump administration has launched investigations into two high-profile Democrats, New York Attorney General Letitia James and Lisa Cook, a Biden-appointee on the Federal Reserve Board, accusing them of mortgage fraud. However, according to recent reports, the director of the Federal Housing Finance Agency, Bill Pulte, whose family members are also accused of similar misconduct, was instrumental in launching these investigations. The investigations into James and Cook come after they had accused Donald Trump of committing mortgage fraud by lying to banks and insurance companies about the value of his properties. In response, Trump's lawyers argued that everyone engages in such practices and no bank ever lost money, downplaying the severity of the allegations. However, according to a Reuters report, the Trump administration has now turned its attention to James and Cook, accusing them of claiming multiple properties as their primary residences. The move raises questions about the administration's motives and highlights the potential for hypocrisy in its pursuit of mortgage fraud allegations. "It seems that the Trump administration is using these investigations as a way to deflect attention from their own alleged wrongdoing," said a spokesperson for James. "We will continue to investigate any credible claims of misconduct, but we will not be swayed by political pressure or intimidation." According to a Mother Jones report, Bill Pulte's family members are also accused of similar misconduct. In 2020, the Pulte family was sued by investors who claimed that they had been misled about the value of their properties. The lawsuit alleged that the Pultes had inflated property values and used the proceeds to fund other business ventures. The investigations into James and Cook have sparked outrage among Democrats, with many accusing the Trump administration of hypocrisy. "It's clear that the Trump administration is more interested in using these investigations as a way to smear their opponents than in actually addressing any real wrongdoing," said a Democratic aide. "We will continue to stand by Letitia James and Lisa Cook and support them in their efforts to uncover the truth." The current status of the investigations remains unclear, but it is expected that they will continue for several weeks or even months. In the meantime, the Trump administration's motives and actions are being closely watched by lawmakers and experts. "This development raises serious questions about the integrity of the Trump administration and its commitment to upholding the law," said a congressional aide. Background information on mortgage fraud allegations against Trump can be found in a 2019 report by the New York Attorney General's office, which alleged that Trump had lied to banks and insurance companies about the value of his properties. The report claimed that Trump had inflated property values by as much as 200% in order to secure loans and other financial benefits. In conclusion, the investigations into James and Cook have sparked controversy and raised questions about the Trump administration's motives and actions. As the situation continues to unfold, it remains to be seen whether the administration will be able to deflect attention from its own alleged wrongdoing or if it will ultimately face consequences for its actions. This story was compiled from reports by Mother Jones and Mother Jones.