Washington, D.C. The Federal Housing Finance Agency (FHFA) has officially referred New York Attorney General Letitia James to the Department of Justice (DOJ) for investigation, according to a letter obtained by ABC News. The FHFA alleges that James appears to have falsified records in connection with obtaining loan terms.
The referral follows a review conducted by the FHFA, which oversees Fannie Mae and Freddie Mac. The agency's letter reportedly details specific instances where inconsistencies were found in documents submitted by James during the loan application process. These discrepancies, according to the FHFA, raise concerns about potential misrepresentation and the possible falsification of information.
The Department of Justice will now review the information provided by the FHFA and determine whether a formal investigation is warranted. If the DOJ decides to proceed, it could lead to a criminal investigation and potential charges. The Attorney General's office has not yet released a statement regarding the referral. This is a developing story and will be updated as more information becomes available.
FHFA Refers NY AG James to DOJ Over Loan Discrepancies
The Federal Housing Finance Agency (FHFA) has referred New York Attorney General Letitia James to the Department of Justice for potential investigation. The FHFA alleges James may have falsified records to secure more favorable loan terms. This referral stems from a review of financial documents submitted by James. The DOJ will now determine whether to pursue the matter further.
Source: Read the original article at ABC