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.
