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Fannie Mae, Freddie Mac's NY offices to shutter in response to AG James’ ‘corrupt’ practices

  • Fannie Mae and Freddie Mac will close their New York offices due to Attorney General Letitia James' "corrupt and dangerous business practices" in the state, according to a source close to the Federal Housing Finance Agency .
  • The Department of Justice has opened an investigation into James' personal mortgages, following a referral by FHFA Director Bill Pulte regarding claims of falsified mortgage documents.
  • James has denied any wrongdoing, with her attorney claiming the allegations are "stale, threadbare allegations" aimed at undermining her.
  • Despite the office closures, Fannie Mae and Freddie Mac will continue to hire New York residents and process mortgage loans in the state.
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Weekly Real Estate News broke the news in on Thursday, October 2, 2025.
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