The Federal Housing Finance Agency (FHFA) Director William J. Pulte has forwarded two criminal referrals related to New York Attorney General Letitia James to the U.S. Department of Justice. These referrals come in the wake of a previous indictment being dismissed in a liberal area of northern Virginia.
The new allegations suggest possible homeowners insurance fraud, specifically related to misrepresentation on insurance forms connected to James’s properties. One referral was sent to Jason Quinones in Florida, while the other was directed to Andrew Boutros in Illinois.
“As Director of the U.S. Federal Housing Finance Agency, I am formally referring this matter. It is crucial that we address serious allegations of mortgage fraud, bank fraud, wire fraud, falsifying documents, and insurance fraud,” Pulte noted in his referral to Quinones.
Pulte referenced documents shared by attorney Mike Davis that claim James may have given false information regarding her homeowners insurance application with Universal Property Insurance in Fort Lauderdale. According to the post, James indicated her property would be unoccupied for five months of the year, which raises concerns about potential fraud against the Florida insurance firm.
He urged the U.S. attorney to pursue further investigation as appropriate.
The letter sent to the Northern District of Illinois bears similar language but mentions a Virginia property owned by James. Pulte quoted the X post stating that James misrepresented the occupancy of her house, which she claimed would have only one adult occupant and no children, despite it actually being home to four individuals, including three children. This raises more allegations of fraud against the Illinois insurance company.
Both referrals relied on the same information from Mike Davis’s X post about the insurance documents and referenced federal ethics rules requiring disclosure when fraud is suspected.
🚨BREAKING: Last night, US Attorney for the Eastern District of Virginia Lindsey Halligan revealed a ton of new evidence relating to Letitia James’s alleged mortgage fraud.
The exhibits are damning, and showed that she lied to the lending bank, the IRS, and her homeowners’… pic.twitter.com/dmwpvs3tpD
— 🇺🇸 Mike Davis 🇺🇸 (@mrddmia) November 21, 2025
These recent referrals follow an earlier criminal referral made in April 2025 concerning alleged mortgage fraud by James on properties she owns in Virginia and New York. This earlier action initiated a federal investigation.
In October 2025, a grand jury indicted James for bank fraud and for providing false information to a financial institution regarding a mortgage on a Norfolk, Virginia property. It was alleged that she misrepresented the home as a secondary residence while actually using it as a rental, which breached lending terms and secured more favorable conditions.
Ultimately, a federal judge dismissed the case based on a technicality regarding the appointment of the former U.S. Attorney, Lindsey Halligan.
