Fannie Mae, Freddie Mac Closing NY Offices in Protest of Crusading AG Letitia James

AP Photo/Bebeto Matthews

Letitia James is as obsessed as a Never Trumper can be, and ran her 2018 campaign for New York state Attorney General promising to prosecute him at every turn—which is precisely what she’s done in office. 

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The real estate fraud civil case against Trump was one of the most ludicrous I’ve ever seen, where she somehow managed to finagle a $450M+ massive civil penalty (since lowered by an appeals court, a decision that is now under appeal by James). He was found liable for inflating his assets, though not a single bank said they lost money, and virtually all said they’d do business with him again. 

A crime with no victims—way to protect us, Letitia.

It’s only one of many questionable moves by the AG, and the Trump Administration is sick of it, according to a Fox News report:

 New York state's Fannie Mae and Freddie Mac offices will permanently close in direct response to Attorney General Letitia James' "corrupt and dangerous business practices" in the state, Fox News Digital learned Thursday. 

"We are shutting down the two New York offices for Fannie and Freddie as a result of Letitia James' corrupt and dangerous business practices in the state," a source close to the Federal Housing Finance Agency (FHFA), which oversees government-sponsored enterprises, told Fox News Digital. 

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Sources tell Fox News Digital they will still employ New York residents and continue to do mortgage loans in the state — but they are eliminating their physical presence.

Speaking of mortgage fraud, Ms. James herself is under investigation by the DOJ for allegedly misrepresenting basic facts on several applications in Brooklyn, New York, and Virginia. The investigator is now the investigated:


READ MORE: Letitia James Taunts the DOJ, Makes Wild Admission About Her Mortgage Fraud Case

Good for the Gander: FBI Opens Formal Investigation Into Crusading NY AG Letitia James


What the heck are Fannie Mae and Freddie Mac anyway? They help keep the mortgage supply steady, according to Forbes:

Commonly referred to as Fannie and Freddie, these two companies were chartered by Congress to support the U.S home finance system. Fannie Mae and Freddie Mac do this by purchasing mortgages from lenders, packaging them into securities, and selling the securities to investors.

How Fannie Mae and Freddie Mac Help You Get a Mortgage

Fannie Mae and Freddie Mac exist to support the U.S. home mortgage system. But they don’t lend money to individuals. Instead, they buy mortgage loans from the banks and financial institutions that originate them. This keeps money flowing back into lending institutions so they have plenty of funding on hand to write more mortgages and help more people buy homes.

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While the FHFA is shuttering the offices, they won’t be abandoning New York altogether. “We'll still employ New York residents, and we'll still continue to do mortgage loans in New York, of course," the Fox source said. "But we are going to eliminate our physical presence. And to the extent that we have leases, we are going to be subleasing those." 

Way to go, Ms. James. 

Editor’s Note: The Schumer Shutdown is here. Rather than put the American people first, Chuck Schumer and the radical Democrats forced a government shutdown for healthcare for illegals. They own this.

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