Letitia James, the Attorney General of New York, is under scrutiny for alleged mortgage fraud that could lead to federal criminal prosecution. William Pulte, from the FHFA, accused her of falsifying documents related to her residence to obtain better mortgage rates. Particularly concerning is her purchase of a Norfolk, Virginia home, where she reportedly misrepresented her living status. Moreover, allegations extend to a Brooklyn property where she supposedly misrepresented its unit count to meet loan requirements. These actions suggest a long-term pattern of document falsification to secure favorable mortgage terms.
William Pulte, director of the Federal Housing Finance Agency (FHFA), alleged that Attorney General Letitia James falsified bank documents to secure government-backed assistance and loans.
Pulte claims that James misrepresented her residence status to acquire a better mortgage rate on a property in Norfolk, despite serving as NY Attorney General.
According to Pulte, James has consistently misrepresented a Brooklyn property as having four units in order to qualify for better loan terms over two decades.
Pulte's letter indicates that James's alleged actions could indicate a pattern of falsifying documents to gain more favorable conditions on mortgages throughout her career.
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