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00:00can't lie to get to a bank to get a mortgage. And if they did, our government would throw the book
00:05at them. There simply cannot be different rules for different people. All right. Well, if you
00:10guess the Trump-hating New York attorney general, who's now charged with mortgage fraud,
00:15congratulations. You got that right. That post came a full four years after she allegedly did
00:22what she was accusing Donald Trump of doing. She's vowing to fight, though, her charges as
00:27her allies try to normalize breaking the law. What Tish James, and again, we're still getting
00:33the details, but if it's related to this mortgage issue, I mean, this is something that everyone
00:37in America, or many people at least, if you're lucky enough to be able to buy a house in America,
00:42you deal with this, right? The federal government doesn't go after all of these people for doing
00:48this. Bank fraud or what we consider mortgage fraud type cases are very common. Joining me
00:56exclusively, Bill Pulte, federal housing director. Bill, the angle broke the story back in April
01:01that you sent a criminal referral to the DOJ for Letitia James. Now, to those downplaying the
01:09seriousness of these charges, saying basically everyone does it, what's your response tonight?
01:15Well, mortgage fraud is very serious, Laura. I don't like how people are trying to minimize this
01:19and trying to minimize violating the law. She was charged with bank fraud. I mean, that's a very
01:23serious thing. And you know, Laura, I'll say this. When people lie on small things, they tend to lie
01:27on big things, and they tend to lie a lot. And going back to the 1980s, this subject said that
01:33she was married to her father. That doesn't make any sense for purposes of getting a mortgage
01:37application. And then you have, she has these three different properties. She has two in Virginia,
01:42one that she claims is her primary residence, another one that she claims is her second residence,
01:46which the DOJ is now. And Lindsey Halligan's done a great job, I think, at laying this out.
01:51Letitia James appears to be representing it as an investment property for her taxes. So I think
01:58Ms. James has a world of problems. And I just want to tell everyone, if there is mortgage fraud,
02:03and you commit mortgage fraud in this country, we're going to come after you. It doesn't matter
02:06whether you're a Republican, a Democrat, or a sophisticated person like Ms. James.
02:13Yeah, to me, I watched this, and I watched her reaction last night. And she's trying to do that
02:21kind of righteous indignation. And, and the facts will show, in other words, saying it's just
02:25political retribution, Donald Trump's weaponizing government. That's kind of rich, don't you think,
02:32coming from her?
02:34Well, it is. But what's also concerning, Laura, is, you know, we have a tax system in this country,
02:38and we have certain things, you know, I run Fannie Mae and Freddie Mac for the president, as you know,
02:43and we're trying to turn these companies around. We're trying to lower housing costs.
02:46We can't have attorney generals out there saying that something is a primary residence when really
02:50it's not, or that it's a secondary residence when it's not. We need all hands on deck to reverse
02:56what's happened these last four years. President Trump is committed to it. And again, it doesn't
02:59matter whether it's Letitia James or somebody else. I'll raise one other thing with you, Laura,
03:03which was fascinating in this indictment that U.S. Attorney Halligan did. She lays out in there,
03:08and I didn't know this, but it's fascinating to me, that Letitia James, according to the indictment,
03:14said that she had a primary residence at the secondary home for purposes of insurance. I believe,
03:20and I don't know for sure, we'll have to see what happens, that that's insurance fraud. And a lot of
03:24people just think, Laura, well, it's mortgage fraud. You have downstream crimes when you have
03:30mortgage fraud. You have insurance fraud. You have tax fraud. And so I wouldn't be surprised to
03:34see a superseding indictment. But of course, that would be all up to the DOJ.
03:38Hmm. Very, very.
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