"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. 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."
"Records from the time list Trump Tower in Midtown Manhattan as Trump's primary residence and there's no indication that he lived in either of the Florida homes, ProPublica reports. The mortgage loans have since been paid off. The White House's fixation on mortgage fraud allegations stem from Bill Pulte, the director of the Federal Housing Finance Agency, who has led the undertaking."
Donald Trump signed mortgages in 1993 for two Palm Beach, Florida homes and attested that each would be his principal residence despite residing in New York. The two properties adjacent to Mar-a-Lago were instead used as investment properties and rented out, while records listed Trump Tower as his primary residence. Mortgage loans on the Florida properties have been paid off. The Trump administration has pursued mortgage-fraud allegations against other officials, and officials led by Federal Housing Finance Agency director Bill Pulte focused on such inquiries. Legal and ethical questions arise about declaring primary residence for mortgage purposes.
Read at Intelligencer
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