Mortgage fraud is increasingly seeping into the political arena, affecting lawmakers and officials on both sides of the aisle, with the latest accusations coming against GOP Texas Attorney General Ken Paxton.
Paxton and his wife, Angela, have three Texas homes marked as their primary residence in mortgage documents, the Associated Press reported. This unlawful move ensures lower interest rates, saving the couple significant money over their loan term.
The Paxtons also collected homestead property tax breaks on two of their homes. One property is located outside Dallas, and the other two are in Austin.
Federal and state law forbid false statements in mortgage papers and prohibit homeowners from listing multiple properties as a primary residence.
The news comes amid the Trump administration’s investigations into Sen. Adam Schiff (D-CA) and Democratic New York Attorney General Letitia James over alleged mortgage fraud. Like Paxton, Schiff and James listed more than one property as their primary residence.
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Author: Marty Kaufmann
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