Overview
- ProPublica reported that Trump signed two 1993 mortgages for homes next to Mar-a-Lago with occupancy clauses arranged by Merrill Lynch.
- The agreements required him to move in within 60 days and live there for at least 365 days, according to the report.
- Records cited by ProPublica indicate he kept Trump Tower as his address and rented the properties rather than residing in them.
- The White House said there was no defraudation and argued it is illogical to think a single lender would agree to defraud itself.
- The coverage notes Trump has accused several political opponents of mortgage fraud, and a law professor urged referral of the matter to the Justice Department.