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flag Fannie Mae and Freddie Mac are closing their NYC offices over alleged misconduct by NY AG Letitia James, though they’ll keep serving residents and jobs.

flag Fannie Mae and Freddie Mac are permanently closing their New York City offices, according to a source close to the FHFA, citing alleged misconduct by New York Attorney General Letitia James related to her mortgage applications. flag The move, which removes their physical presence in the state, follows a Justice Department probe into discrepancies in her property listings and residency claims. flag Despite the closures, the agencies will continue to serve New York residents by processing mortgage loans and maintaining local employment. flag The FHFA has not officially confirmed the decision, and James’ attorney denies the allegations, calling them politically driven.

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