What is going on with all the mortgage fraud?

[Anonymous]

Pulte is a good and obedient pitbull for Trump.

That's what

[Anonymous]

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

Like the Biden admin had?

[Anonymous]

Anonymous wrote:

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

Like the Biden admin had?

One thing about that mealy mouth Garland, his administration went after both Democrats and Republicans. Everybody remembers Bob Menendez perp walk.

[Anonymous]

When comparing these cases, the distinction is clear. In Cook’s case, there was a claim of having more than one primary residence at the same time. That’s a factual impossibility. You can only have one true primary residence, and mortgage contracts typically require you to move in within 60 days and occupy for at least a year. Even if you try to play with timing, at the 60-day mark, you’ve either met the requirement or you’ve violated it; there’s no way around it. That renders the claim factually false once that period expires.

Trump’s situation is entirely different. His case revolves around opinions of value, not hard facts. Property valuations are subjective ask ten appraisers, and you’ll get ten different numbers. The government leaned on assessed values that were incredibly low (tens of millions for Mar-a-Lago), while brokers and market analysts put the same property in the hundreds of millions to over a billion. Assessed value is set for tax rolls and is always well below what a property would fetch on the open market. In fact, even where Trump is accused of overstating, there’s competing evidence suggesting his valuations were actually under the real market potential. You cannot say with certainty what a property is worth until it’s sold, which makes this an issue of interpretation, not fraud in the same sense as lying about your primary residence.

So the difference is stark: Cook’s claim was a factual misrepresentation, provable after 60 days, with no wiggle room. Trump’s valuations were subjective opinions in an arena where no single “true” number exists, and where credible evidence shows the properties were worth more, not less.

[Anonymous]

Anonymous wrote:When comparing these cases, the distinction is clear. In Cook’s case, there was a claim of having more than one primary residence at the same time. That’s a factual impossibility. You can only have one true primary residence, and mortgage contracts typically require you to move in within 60 days and occupy for at least a year. Even if you try to play with timing, at the 60-day mark, you’ve either met the requirement or you’ve violated it; there’s no way around it. That renders the claim factually false once that period expires.

Trump’s situation is entirely different. His case revolves around opinions of value, not hard facts. Property valuations are subjective ask ten appraisers, and you’ll get ten different numbers. The government leaned on assessed values that were incredibly low (tens of millions for Mar-a-Lago), while brokers and market analysts put the same property in the hundreds of millions to over a billion. Assessed value is set for tax rolls and is always well below what a property would fetch on the open market. In fact, even where Trump is accused of overstating, there’s competing evidence suggesting his valuations were actually under the real market potential. You cannot say with certainty what a property is worth until it’s sold, which makes this an issue of interpretation, not fraud in the same sense as lying about your primary residence.

So the difference is stark: Cook’s claim was a factual misrepresentation, provable after 60 days, with no wiggle room. Trump’s valuations were subjective opinions in an arena where no single “true” number exists, and where credible evidence shows the properties were worth more, not less.

LOL that you think this has anything to do with Cook's real or imagined mortgage fraud.

[Anonymous]

When comparing these cases, the distinction is clear. In Cook’s case, there was a claim of having more than one primary residence at the same time. That’s a factual impossibility.

No it’s not, read the whole thread. Trump’s errand boy Pulte only released (illegally btw) part of the mortgage application and that by itself doesn’t show that she broke any law. There’s been no indictment either; it’s basically a rumor at this point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Even IF it were fraud, Trump did much worse.

“Yes, I killed him, but Ted Bundy did much worse. Therefore I cannot be guilty of murder.”

+1 These types of retorts are ridiculous and so annoying to those of us trying to discuss the merits of the case.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sheesh, stop paying attention to the lies from right wing media.

Are you claiming that applying for mortgages on two properties, more or less simultaneously—and claiming both as your primary residence—is not mortgage fraud?

MAGAs told me it’s not fraud unless you don’t pay back the loan and the bank loses money.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

+1 The public trust is further eroded by this fact.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even IF it were fraud, Trump did much worse.

“Yes, I killed him, but Ted Bundy did much worse. Therefore I cannot be guilty of murder.”

+1 These types of retorts are ridiculous and so annoying to those of us trying to discuss the merits of the case.

There can be “merits” to a case that was also improperly brought forward due to political corruption. Both things can be true at once and it should concern any reasonable person that the POTUS is using government resources for his personal vendettas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

You can find anything on anyone…who has committed a crime. Are you saying that Democratic criminal activity is rampant?

No, I'm saying that Trump is LOOKING for wrongdoing--real or made up--to accomplish his personal and political goals--achieving control of the Fed Reserve, in this case.

"Intentionally misrepresenting information on a mortgage application is wrong and a federal crime. But we haven’t seen the details or Ms. Cook’s explanation. There’s also a question of selective prosecution, since Mr. Pulte’s crackdown on mortgage fraud seems to be aimed only at Mr. Trump’s opponents. Ms. Cook deserves more due process than a presidential declaration of guilt on Truth Social."

[twitter]
https://x.com/WSJopinion/status/1958323185507610670[/twitter]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

You can find anything on anyone…who has committed a crime. Are you saying that Democratic criminal activity is rampant?

No, I'm saying that Trump is LOOKING for wrongdoing--real or made up--to accomplish his personal and political goals--achieving control of the Fed Reserve, in this case.

"Intentionally misrepresenting information on a mortgage application is wrong and a federal crime. But we haven’t seen the details or Ms. Cook’s explanation. There’s also a question of selective prosecution, since Mr. Pulte’s crackdown on mortgage fraud seems to be aimed only at Mr. Trump’s opponents. Ms. Cook deserves more due process than a presidential declaration of guilt on Truth Social."

[twitter]
https://x.com/WSJopinion/status/1958323185507610670[/twitter]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

Like the Biden admin had?

One thing about that mealy mouth Garland, his administration went after both Democrats and Republicans. Everybody remembers Bob Menendez perp walk.

Garland did not go after Republicans.

[Anonymous]

Has anyone checked Tommy Tuberville's mortgage docs? He lives in Florida, pretty much year-round, plus he's a senator from Alabama, where I assume he also has a "primary" residence.

[Anonymous]

[Anonymous]

Anonymous wrote:

^^^
Duffy (Transportation)
Zeldin (EPA)
Chavez-DeRiemer (Labor)