US ethics officials removed for inquiring into improper access of mortgage files
Source: The Guardian
Fannie Mae officers were investigating whether Trump ally inappropriately accessed mortgage details of Letitia James, Adam Schiff and others
Ethics officials at Fannie Mae were removed from their jobs as they investigated whether a top Trump ally improperly accessed mortgage documents of Letitia James, the New York attorney general, and other Democratic officials, the Wall Street Journal reported on Tuesday.
William Pulte, a staunch Trump defender and the head of the Federal Housing Finance Agency (FHFA), has accused James, Adam Schiff, a California senator, and Lisa Cook, a federal reserve governor, of mortgage fraud. All three have denied the accusations and James was indicted on specious federal charges last month.
Experts have raised questions about all three referrals and see them as a thinly veiled effort by Trump to target political rivals.
After Pulte made the referrals, former agency officials and experts told the Guardian they were highly unusual. Individualized mortgage data is highly sensitive and protected. And investigations into mortgage fraud are not typically handled by the FHFA inspector general, an agency watchdog staffed with investigative agents.
Read more: https://www.theguardian.com/us-news/2025/nov/11/fannie-mae-mortgage-documents-letitia-james
This is part of pulte's scheme to promote 50 year mortgages which will basically mean that anyone that signs up will never own their home - forever.
Rentiers' dream.
https://en.wikipedia.org/wiki/Rentier_capitalism
Bayard
(27,794 posts)Pretty simple equation.
BadgerKid
(4,931 posts)Get people on 50-year mortgages.
Sell mortgage-backed securities.
Borrow against those for leverage.
Buy up other assests or for foreclosures.
Profit!
erronis
(21,943 posts)And now with the Big Con in charge of the gov't, bailout city!