Swalwell Won’t Fight Pulte Anymore

Rep. Eric Swalwell just dropped his lawsuit against FHFA Director Bill Pulte. This comes after Swalwell was accused of mortgage fraud. Yep, you read that right – a congressman accused of mortgage fraud.

The Story So Far

Swalwell sued Pulte back in November, claiming he abused his power by sending a criminal referral about Swalwell’s mortgage to the Department of Justice. Now, Swalwell’s changing his tune. It’s not clear what prompted the sudden change of heart, but it’s probably safe to say Swalwell doesn’t want this mess getting any messier.

Pulte’s referral was likely a major thorn in Swalwell’s side, and now that the lawsuit’s dropped, it’s unclear what’s next. One thing’s for sure, though – this whole ordeal won’t do much to boost Swalwell’s reputation.