https://www.thegatewaypundit.com/2025/03/is-letitia-james-guilty-mortgage-fraud/ Big Development: Is Letitia James Guilty of Mortgage Fraud? For over two decades, Letitia James repeatedly claimed her Brooklyn apartment building was a four-unit property on mortgage applications—despite official records proving it had five. This may seem a minor discrepancy, but misrepresenting the unit count enabled her to secure more favorable loans, including a 2011 Home Affordable Modification Program (HAMP) loan that saved her tens of thousands of dollars annually. Now, the same legal principles she used to prosecute others may be turning against her. It all began in 2001 when Letitia James purchased a four-story multi-family apartment building with five apartments in Brooklyn for $550,000. In 2005, James refinanced the building with an adjustable loan from Aegis that started at an interest rate of 7.2% with a ceiling of 10.2%. For the next two decades, James took out refinancing mortgages and always listed the number of units as four. Properties with four or fewer units qualify for more favorable “residential” interest rates, while those with five or more are classified as “commercial” properties—often subject to higher rates. Fast-forward to 2011. With her 2005 adjustable-rate mortgage likely escalating toward 10.2%, James sought relief from HAMP – a federal initiative under the Troubled Asset Relief Program (TARP) designed to assist homeowners at risk of foreclosure. HAMP, however, had strict eligibility requirements. According to its official Making Home Affordable Program Handbook, “Eligibility is limited to owner-occupied properties with no more than four units.” The reasoning was clear: the program aimed to assist regular homeowners and not landlords of multi-family rental apartment businesses.
the answer is no. she was probably just out of law school then and no way to sync the data between nyc department of finance and building department, 2 different kingdoms. nyc department of finance data is correct, that is what one would pay their property tax based on, it is assocaited with the financial obligation of the property. certificate of occupancy gives the maximum legal limit of number of persons in the property for safety reason, which has nothing to do with financial obligations. a family can be a single, a couple, family of four, or family of more than four. in addition, this happens all the time in nyc "old" multi-dwelling private properties - not enough water and eletric meters installed. if a propety only has 2 eletricity meters, it considers a 2 family dwelling, even though you can fit 3-4 families on multiple floors. heat and water is covered in rent legally while eletricty is negotiable, maybe add 20-50 bucks during the summer months for air condition use. that said, newer built dwelling records are clean and in sync because the city wants revenue fast.
Trump administration refers NY AG Letitia James for possible prosecution over allegations of mortgage fraud New York Attorney General Letitia James has been hit with shocking allegations by the Trump administration, accusing her of mortgage fraud. In documents obtained by Fox News Channel's The Ingraham Angle, the Federal Housing Finance Agency (FHFA) sent a criminal referral to the Department of Justice, accusing James of mortgage fraud. FHFA Director William Pulte said in a letter to Attorney General Pam Bondi that James appears to have falsified records in order to meet certain lending requirements and receive favorable loan terms.
https://nypost.com/2025/04/15/us-ne...e-insider-trading-around-trumps-tariff-pause/ New York Attorney General Letitia James’ office is scrutinizing whether insider trading took place in connection with President Trump’s 90-day pause on customized “reciprocal” tariffs announced last week. The examination is in its preliminary stages and is not yet a full-fledged probe, James’ office confirmed to The Post Tuesday. It was not immediately clear whether specific individuals and companies were subject to the review, which was first reported by CNN. Shortly before the US markets opened April 9, with indexes in free fall over tariff uncertainty, Trump declared on Truth Social that it was a “GREAT TIME TO BUY.” That afternoon, the president announced the postponement of the customized rates while keeping a 10% baseline duty in effect on most imports. The stock market rebounded sharply, with the Dow Jones Industrial Average climbing 7.9%, the S&P 500 surging 9.5%, and the Nasdaq spiking 12.2%. One exception to the pause was China, against which Trump unveiled a 125% duty, bringing the total rate on most goods and services to 145%. The administration also temporarily eased tariff rates on electronic imports from China, pending a review of the supply chain. Liberals, such as Sen. Elizabeth Warren (D-Mass.), have suggested that allies of the White House may have traded on advance knowledge of the tariff pause to make a killing in the markets. “It’s entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump’s family, Donald Trump’s inner circle, didn’t get advance information and trade on that information,” Warren told CNN. James, an elected Democrat, has broad authority under the 1921 Martin Act to probe potential securities fraud.
This investigation from the Trump administration of Letitia James for mortgage fraud is nothing more than retribution for Letitia James investigating Trump administration members for insider trading.