Democrats now wield evidence from a Trump official to turn against their own, exposing Rep. Eric Swalwell’s alleged mortgage misdeeds in a stunning intra-party betrayal.
Story Snapshot
- William Pulte, FHFA Director, referred Swalwell and other Democrats to DOJ for mortgage fraud using private records from Fannie Mae and Freddie Mac.
- Swalwell sued Pulte alleging abuse of power, but Democrats cite Pulte’s findings against him amid his gubernatorial bid.
- Letitia James’s case dismissed; inspector general fired, sparking probes into Pulte’s methods.
- Exclusive targeting of Democrats despite similar Republican actions raises equal justice questions.
- DOJ scrutinizes Pulte for potential irregularities, highlighting accountability tensions.
Pulte Launches Mortgage Fraud Referrals
William Pulte, FHFA Director, accessed Fannie Mae and Freddie Mac databases in late 2025 to review private mortgage records of Democratic officials. He referred Rep. Eric Swalwell, New York AG Letitia James, Rep. Adam Schiff, and Fed Governor Lisa Cook to the DOJ for alleged fraud. Pulte declared no one stands above the law. These probes uncovered mischaracterizations of properties to secure lower rates. Common sense demands scrutiny of such financial maneuvers by public servants.
Timeline of Key Events Unfolds
October 9, 2025, prosecutors indicted Letitia James for listing an investment property as a second home to cut mortgage costs. November 14, CBS reported Pulte’s Swalwell referral. November 19, Rep. Robert Garcia demanded documents from Pulte, calling probes political. November 26, Swalwell sued in D.C., claiming Privacy Act and First Amendment violations. Timing hit Swalwell’s campaign launch hard.
Swalwell Counters with Lawsuit
Swalwell’s suit accuses Pulte of weaponizing government data against Trump’s critics, including himself after his January 6 suit against Trump. He seeks referral withdrawal and damages, citing family security risks from publicized home details. James pleaded not guilty; her case dismissed over prosecutor’s appointment. Acting FHFA Inspector General Joe Allen, involved early, got fired.
Scrutiny Turns on Pulte’s Conduct
DOJ and FBI probe Pulte and Pardon Attorney Ed Martin for enlisting outsiders like realtor Christine Bish in James and Schiff investigations. Maryland prosecutors questioned Bish on communications. Schiff’s attorney called Pulte’s efforts sordid, urging DOJ action. Cook’s lawyers alleged White House coordination. Garcia’s oversight letter sought White House ties. These irregularities erode probe credibility.
Democrats Fracture Over Evidence
While Democrats decry political targeting, Pulte’s evidence fuels intra-party attacks on Swalwell. Fox News highlighted Swalwell campaign inconsistencies, amplified by conservatives. Reports of similar Republican mortgages went unprobed, yet facts against Democrats hold. Conservative values prioritize equal application of law; selective outrage undermines justice. This exposes hypocrisies in Democratic ranks.
Democrats Turn on Eric Swalwell Using Evidence From a Trump Officialhttps://t.co/Vxi66lNv8V
— PJ Media Updates (@PJMediaUpdates) March 16, 2026
Implications for Privacy and Power
Probes spotlight FHFA’s vast mortgage data access, risking misuse. Swalwell claims anguish from exposure; long-term, cases could bolster Privacy Act safeguards. Political fallout burdens Trump’s administration with lawsuits and oversight. Housing sector faces data oversight questions. Public privacy hangs in balance as accountability clashes with retribution claims.
Sources:
Los Angeles Times: Swalwell suit alleges abuse of power in Trump official’s mortgage probes
ABC News: Rep. Swalwell sues Trump administration official over mortgage fraud
Fox News: Unearthed records expose Swalwell campaign’s bizarre inconsistency









