The Justice Department is probing whether Trump allies shared information about its mortgage fraud investigation into Sen. Adam Schiff https://t.co/AmuCOSgxB3 ...

Justice Department is investigating handling of Adam Schiff mortgage fraud probe led by Trump political appointees. https://t.co/U8Y13PUuoI ...

Fraud and misrepresentation remain persistent challenges in the mortgage industry and Freddie Mac is responding by bringing Quality Control Advisor Plus to the market, a tool which automates this compliance function.The tool is currently in a phased onboarding process with plans to make it available to all lenders by year-end, including the participants in Freddie Mac's performing loan repurchase alternative pilot. Participants in this pilot have a 26% lower non-acceptable quality loan rate compared with t ...

Cook’s legal team offered a detailed rebuttal to mortgage fraud allegations made by Trump and other US officials, arguing in a new letter to Attorney General Pam Bondi that the claims “fail on even the most cursory look at the facts” https://t.co/oavbCnjIme ...

Breaking: New York Attorney General Letitia James has been indicted following a Justice Dept. investigation into mortgage fraud allegations https://t.co/7t86lsZBOF ...

Core Insights - The ongoing allegations of mortgage fraud against Lisa Cook by the Trump administration raise concerns about the public accessibility of mortgage information and its potential misuse against homeowners [1][2] - The accusations extend to other political figures, highlighting a broader scrutiny of mortgage practices and the importance of understanding mortgage fraud [2] Mortgage Fraud Overview - Mortgage fraud involves misrepresentation of information by borrowers during the mortgage application process, such as overstating income or misrepresenting primary residence status [3] - Convictions for mortgage fraud are relatively low, with fewer than 3,000 Americans convicted over the past 12 years, including only 38 in 2024 and 34 in 2023, compared to approximately 100 million mortgage loans issued [3] Fraud Risk Assessment - Despite low conviction rates, the potential for mortgage fraud is considered high, with a reported 7.3% year-over-year increase in fraud risk according to a survey by Cotality [4] - High interest rates and housing affordability challenges are identified as factors contributing to an increased risk of mortgage fraud in the current market [4]

The US Justice Department is pushing ahead with its investigation of New York Attorney General Letitia James over mortgage fraud allegations after President Donald Trump demanded the case move forward, according to people familiar with the matter https://t.co/EDsBgcr9ux ...

Legal & Political Implications - US Attorney Erik Siebert reportedly resigned due to pressure from President Trump to charge New York Attorney General Letitia James with mortgage fraud [1]

President Trump says the US attorney who didn't charge political enemy Letitia James with mortgage fraud should be fired https://t.co/HVam9RiW0W ...

Political Commentary - President Trump suggests firing the US attorney who didn't charge Letitia James with mortgage fraud [1]