New York Attorney General Letitia James is facing a federal referral over alleged mortgage fraud tied to two property deals, according to a letter sent Tuesday by FHFA Director William Pulte.
Pulte alleges James misrepresented a Virginia home as her primary residence in 2023 to obtain a better mortgage rate, just weeks before launching her civil fraud trial against the Trump Organization. He also accuses her of repeatedly misclassifying a five-unit Brooklyn property as a four-unit in official documents to secure more favorable loan terms.
In earlier deals, James and her father were allegedly listed as “husband and wife” on mortgage applications, raising further questions.
Pulte claims these actions could constitute wire fraud, bank fraud, and other federal crimes. James’ office has not responded publicly. The referral comes as her office reviews possible insider trading linked to Trump’s recent tariff pause.
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