Trump administration refers Letitia James for prosecution over alleged mortgage fraud
New York Attorney General letitia James has been referred too the Justice Department by the Federal Housing Finance Agency (FHFA) for alleged mortgage fraud. The FHFA claims that James falsified records to secure loans for real estate properties, including a home in Norfolk, Virginia, which she inaccurately claimed was her principal residence while serving as a New York prosecutor. Additionally, she allegedly misrepresented a five-family home in Brooklyn as a four-unit property in various documents to reduce her mortgage rate.
The FHFA’s director, William Pulte, noted that this misrepresentation could have substantially lowered her mortgage payments under federal programs. The agency has attached several documents that raise concerns over the accuracy of James’s representations on mortgage applications, including a past case where she labeled her relationship with her father as “husband and wife” for loan purposes.
James, who has previously sued the Trump administration multiple times, has faced accusations from Trump allies claiming that she has used her position to unfairly target Trump. Following these allegations,Trump called for her resignation,citing the fraud assertions.
Letitia James faces criminal referral by Trump administration for alleged mortgage fraud
The Federal Housing Finance Agency has referred New York Attorney General Letitia James to the Justice Department for alleged mortgage fraud.
FHFA Director William Pulte sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche alleging that James “falsified” records to secure home loans for a Norfolk, Virginia, property that she said was her “principal residence” while she was a New York prosecutor.
She also purchased a five-family home in Brooklyn and “consistently misrepresented the same property as only having four units in both building permit applications and numerous mortgage documents and applications,” the letter claimed.
Because she listed the unit as a four-unit dwelling instead of five, she could have reduced her mortgage rate by as much as 1% and had lower monthly payments under the federal Home Assistance Modification Program, Pulte said.
“Ms. James, for both properties listed above, appears to have falsified records in order to meet certain lending requirements and receive favorable loan terms,” he added.
Pulte also reportedly attached several documents detailing how James purchased another property with her father as a co-signer but listed the pair as “husband and wife” in 1983 and 2000.
“While this was a long time ago, it raises serious concerns about the validity of Ms. James representations on mortgage applications,” he wrote.
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James has sued the Trump administration several times, and allies of President Donald Trump have accused her of using her position to target him.
Trump himself called on James to resign “immediately” on Monday, citing a report that detailed allegations of real estate fraud.
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