The federal government's main housing loan agency has referred New York Attorney General Letitia James, a longtime nemesis of President Donald Trump, to the U.S. Justice Department for possible prosecution over alleged mortgage fraud, according to a letter obtained by Just the News.

William J. Pulte, the director of the U.S. Federal Housing Finance Agency (FHFA), made the referral Monday to Attorney General Pam Bondi and her deputy Todd Blanche, and attached evidence he said corroborated earlier media reports alleging irregularities in a series of loans James obtained, including for a property in Virginia.

"In the course of exercising U.S. Federal Housing’s authority under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, U.S. Federal Housing has identified matters that are appropriate for referral to the U.S. Department of Justice for consideration of criminal prosecution," Pulte wrote.

"Based on media reports, Ms. Letitia James has, in multiple instances, falsified bank documents and property records to acquire government-backed assistance and loans and more favorable loan terms," the letter added. "This has potentially included 1) falsifying residence status for a Norfolk, Virginia-based home in order to secure a lower mortgage rate and 2) misrepresenting property descriptions to meet stringent requirements for government backed loans and government assistance."

You can read the letter here. Just The News has not included the attached exhibits because they appear to contain personal financial data.

The referral cites two transactions believed to be potentially fraudulent.

In the first, James purchased a property in Norfolk, Va., two years ago and indicated it was her primary residence even though she was serving full-time in New York as the attorney general, Pulte alleged.

“On August 30 and 31, 2023, through her attorney, Ms. James purchased this property in Norfolk, VA. In a Fannie Mae/Freddie Mac Form 3047 and in mortgage documents, she reaffirmed this would be her primary residence, despite being a statewide public office holder in the state of New York at that same time and primarily residing in the state of New York,” the letter stated.

In the second instance, James was accused of understating the number of housing units in a property she owned in Brooklyn in an apparent attempt to get it treated with a better mortgage interest rate, the letter alleged.

“It appears that Ms. James may have listed the Brooklyn, NY property as four units instead of five units in order to meet the conforming loan requirements, and thus receive better interest rates,” Pulte wrote. “Ms. James also appears to have used this same falsification in order to receive mortgage assistance through” a program known as Home Assistance Modification Program (HAMP).

“Ms. James, for both properties listed above, appears to have falsified records in order to meet certain lending requirements and receive favorable loan terms,” he added.

James isn’t the first prominent Democrat to face accusations of mortgage fraud. A federal jury in 2024 convicted former Baltimore City State Attorney Marilyn J. Mosby on a charge she falsified a mortgage application for a Florida property purchase while serving as a Maryland prosecutor.

But James is by far the most prominent Trump nemesis to face potential federal investigation. She has sued him several times to oppose his policies as president and sued him as a private citizen for a $464 million civil fraud judgment involving his company.

In a social post earlier this week, Trump renewed his calls for James to resign as New York's top law enforcement officials.

"Letitia James, a totally corrupt politician, should resign from her position as New York State Attorney General, IMMEDIATELY," he wrote on Truth Social. "Everyone is trying to MAKE NEW YORK GREAT AGAIN, and it can never be done with this wacky crook in office."