N.Y. AG James Referred for Mortgage Fraud Prosecution

N.Y. AG James Referred for Mortgage Fraud Prosecution

N.Y. AG James Referred for Mortgage Fraud Prosecution

Federal Housing Finance Agency Director William Pulte sent a letter Tuesday to Attorney General Pam Bondi and deputy Attorney General Todd Blanche alleging that New York Attorney General Letitia James “falsified records” to secure a home loan on a property in Virginia as her “principal residence” in 2023, when she was serving as New York’s prosecutor.

“On August 17, 2023, Ms. James granted Ms. Shamice Thompson-Hairston power of attorney to make a Virginia property her ‘principal residence,'” Pulte wrote. “And on August 30 and 31, 2023, through her attorney, Ms. James purchased this property in Norfolk, VA. In a Fannie Mae/Freddie Mac Form 3047 and in mortgage documents, she reaffirmed this would be her primary residence, despite being a statewide public office holder in the state of New York at that same time and primarily residing in the state of New York.”

According to the New York Post, James’s transaction took place weeks before she began her civil fraud trial against the Trump Organization on the grounds that it over-inflated the values of its properties — a case that ended in a $454 million judgment.

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