The Federal Reserve has found over 22,000 similar mortgage issues mentioned by Trump’s "Housing and Urban Development Secretary" Pulte

Researchers at the Federal Reserve Bank of Philadelphia assessed the number of "fraudulent investors" in the mortgage market in a 2023 report, defining them as individuals who hold multiple home purchase loans within four quarters after obtaining their first owner-occupied home loan. The data in the paper covers 584,499 loans issued between 2005 and 2017. Among these, 22,431 loans were considered fraudulent. The proportion of loans claiming occupancy to obtain better mortgage terms peaked before the 2008 financial crisis, but remained stable at around 2% to 3% for most of the following decade