DOJ Targets Swalwell: The Growing List of Democrats Facing Mortgage Fraud Probes

In a move that’s delighting conservatives and exposing what many see as Democratic hypocrisy, the Trump administration’s Federal Housing Finance Agency has referred Rep. Eric Swalwell to the Department of Justice for potential mortgage and tax fraud related to his $1.2 million Washington, D.C., home. As highlighted in Mario Nawfal’s X post, FHFA Director Bill Pulte accused the California Democrat of making false statements on loan applications to secure better terms, marking him as the latest in a string of high-profile Trump critics under scrutiny. Pulte’s letter to Attorney General Pam Bondi alleges violations that could include mortgage fraud, insurance fraud, and state tax evasion, with no charges filed yet but an active review underway.

Swalwell, infamous for his ties to a suspected Chinese spy and relentless attacks on Trump, dismissed the referral as retaliation, vowing not to drop his ongoing lawsuit against the president. But conservatives argue this is long-overdue accountability for elites who preach ethics while bending rules, especially after Swalwell’s role in pushing discredited Russia collusion narratives.This Swalwell probe isn’t isolated—it’s part of a broader pattern where the Trump DOJ is unearthing alleged financial improprieties among Democrats who weaponized the justice system against him during his first term. Since reclaiming the White House, the administration has zeroed in on mortgage fraud, a crime involving false statements to lenders for favorable rates or tax benefits, often by misrepresenting primary residences.

Critics like Trump himself have called out the irony: these same figures accused him of fraud in civil cases, yet their own dealings smell of deceit. The referrals stem from FHFA oversight of Fannie Mae and Freddie Mac, where records revealed discrepancies in loan documents. Conservatives celebrate this as draining the swamp, targeting those who evaded scrutiny under Biden.Topping the list is New York Attorney General Letitia James, the only one so far formally charged. In October 2025, a Virginia grand jury indicted her on two counts of financial fraud for allegedly lying on mortgage applications for her Norfolk home.

Prosecutors claim she signed a “Second Home Rider” prohibiting rentals but leased the property anyway, saving thousands in interest while violating federal bank fraud laws. James pleaded not guilty, arguing the contract allowed rentals under certain conditions and labeling the case selective prosecution—a defense conservatives mock, given her relentless pursuit of Trump on similar fraud claims that netted a $454 million judgment later overturned. Her case highlights how Democrats allegedly game the system: claiming primary residences falsely to dodge higher rates, a tactic that could cost lenders and taxpayers. Next is Sen. Adam Schiff, whose Maryland home sparked a DOJ criminal investigation in August 2025 after Pulte’s referral.

First he breaks wind on TV then he bangs a Communist Chinese Spy while on the House Intelligence Committee and now he commits Mortgage fraud while being legally ineligible to be a Congressman from CA https://t.co/ezrgcDlfQ2

— Roger Stone (@RogerJStoneJr) November 13, 2025

Trump blasted Schiff as a “scam artist” for designating his Potomac property as primary from 2003 to 2020, securing a lower mortgage rate while claiming California residency for tax exemptions—saving $7,000 annually. Documents show Schiff refinanced multiple times under false pretenses, potentially violating wire, mail, and bank fraud statutes. The Maryland Attorney General is also probing, amplifying calls for jail time from Trump, who noted authorities have him “100% on mortgage fraud.” Schiff denies wrongdoing, calling it a “baseless” vendetta, but conservatives point to his history of leaks and lies during impeachments as evidence he’s no stranger to deception. Federal Reserve Governor Lisa Cook rounds out the quartet, fired by Trump in August 2025 for “cause” amid mortgage fraud allegations.

Pulte accused her of occupancy fraud by claiming her Washington, D.C., home as primary for lower rates while renting it out—video evidence showed tenants. Cook sued to block her removal, but the Supreme Court will decide in January 2026. Appointed by Biden, she’s seen by conservatives as another elite exploiting loopholes, with Trump demanding her resignation to “drain the swamp.” Beyond these, potential cases loom for others like Rep. Katie Porter, whose dual residency claims during her Senate run echoed Schiff’s tactics, though no formal referral yet. Rep. Jamie Raskin faces scrutiny from watchdogs for similar mortgage discrepancies, with complaints filed urging equal probes into Democrats.

These aren’t isolated slips; conservatives argue they reveal systemic abuse among liberals who decry inequality while gaming housing perks reserved for average Americans. Trump allies like Pulte insist “no one is above the law,” flipping the script on Democrats’ favorite mantra. The fallout is intensifying partisan divides. House Democrats, led by Raskin, launched probes into Pulte, accusing him of weaponizing FHFA for Trump. But Republicans counter that ignoring these frauds erodes trust in government, especially when offenders like James prosecuted Trump on thinner evidence. With more referrals possible—Trump hinted at “dozens more”—this crackdown could reshape D.C.’s elite, forcing accountability where Democrats long evaded it. As cases progress, conservatives hope it exposes the rot, proving the swamp runs deep in blue circles. In recap, Democrats charged or probed so far:

• Letitia James: Indicted on mortgage fraud in Virginia.
• Adam Schiff: Under DOJ and Maryland AG investigation for residency fraud.
• Eric Swalwell: Referred to DOJ for D.C. home loan misstatements.
• Lisa Cook: Fired amid fraud claims, case pending SCOTUS review.

These actions signal Trump’s DOJ won’t tolerate the double standards that plagued his first term. Now we will see if ANYONE actually gets arrested, as Pam Bondi has thus far done all she can to make sure not one Democrat gets arrested. Hell – – even Comey hasn’t worn handcuffs yet and he was indicted in their fake case that we are 100% sure he will get off completely, no prison time as very little support is being given to the prosecutor. Seems to be all part of the plan.  ONLY Republicans and MAGA get arrested. ONLY Republicans get raided at 3 am.