The director of the Federal Housing Finance Agency (FHFA),
Bill Pulte, filed a formal referral with the Department of Justice regarding
Representative Eric Swalwell, requesting an investigation into a series of
alleged irregularities related to mortgage transactions and potential tax
violations. The referral alleges that certain financial transactions carried
out by the legislator could constitute crimes related to his declared residence
and the obtaining of loans.
According to the document submitted, the primary concern
revolves around multiple loans and refinancings totaling several million
dollars, which, according to the referral, were authorized based on Swalwell's
claim that his primary residence is located in Washington, D.C.
The document submitted by Pulte specifies: “The referral
alleges the existence of loans and refinancings totaling several million
dollars, based on Swalwell’s declaration regarding his primary residence in
Washington. An investigation is requested to determine the possible commission
of mortgage fraud, state and local tax fraud, insurance fraud, as well as any
other criminal activity that may arise from these facts.”
The request for an investigation seeks a thorough
examination by federal authorities of the related financial and tax
documentation to determine whether or not any illegal conduct occurred.