The Federal Housing Finance Agency (FHFA) has made a criminal referral to the Justice Department against New York Attorney General Letitia James, arguing she said a Virginia home was her primary residence to secure more favorable loan terms.
“Based on media reports, Ms. Letitia James has, in multiple instances, falsified bank documents and property records to acquire government backed assistance and loans and more favorable loan terms,” the agency wrote in its referral, which was obtained by The Hill.
“At the time of the 2023 Norfolk, VA property purchase and mortgage, Ms. James was the siting Attorney General of New York and is required by law to have her primary residence in the state of New York—even though her mortgage applications list her intent to have the Norfolk, VA property as her primary home.”
The referral asks for a criminal investigation into James, who prosecuted a civil fraud case against President Trump last year.
A New York judge found Trump and his business conspired to alter his net worth for tax and insurance benefits, after previously finding them liable for fraud. The judge ordered the defendants to pay $464 million, plus interest, the bulk of which Trump bears.
James’s office referenced the Trump administration's weaponization of the federal government in addressing the referral.
“Attorney General James is focused every single day on protecting New Yorkers, especially as this Administration weaponizes the federal government against the rule of law and the Constitution. She will not be intimidated by bullies – no matter who they are,” her office said in a statement.
According to the referral, James also listed a five-unit apartment building in Brooklyn as a four-unit building, something the FHFA said would also secure more favorable loan terms as the program the home was financed under had a four-unit maximum to secure funding.
“FHFA believes this and other alleged misconduct could be violations of the criminal code under 18 U.S.C. § 1343 (wire fraud), 18 U.S.C. § 1341 (mail fraud), 18 U.S.C. § 1344 (bank fraud), 18 U.S.C. § 1014 (false statements to a financial institution), and/or other relevant state and federal laws,” the referral states.
The letter to the Justice Department was signed by FHFA Director William Pulte, a Trump appointee who started in the role a month ago.
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