"The report continued: In reality, Trump, then a New Yorker, does not appear to have ever lived in either home, let alone used them as a principal residence. Instead, the two houses, which are next to his historic Mar-a-Lago estate, were used as investment properties and rented out, according to contemporaneous news accounts and an interview with his longtime real estate agent exactly the sort of scenario his administration has pointed to as evidence of fraud."
"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. Bill Pulte, the Federal Housing Finance Agency director, brought the mortgage fraud issue to Trump's attention as the president sought to prosecute his enemi"
Donald Trump took out two mortgages within weeks in 1993, each sworn to be his principal residence: a Bermuda-style house in Palm Beach and a seven-bedroom marble-floored neighboring property. Contemporaneous accounts and his longtime real estate agent indicate he did not live in either house and they were used as investment properties and rented out. Mortgage law experts said claiming primary residences on different mortgages can be legal and rarely prosecuted, but they also said Trump's two loans surpass the low threshold his own administration has used to define mortgage fraud. Bill Pulte raised the mortgage fraud issue while the president pursued prosecutions against political opponents.
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