Overview

• Justice Department reviews tied to FHFA referrals are underway, with special attorney Ed Martin overseeing parts of the inquiry since early August.
• FHFA Director Bill Pulte, who sent criminal referrals in May based on a Fannie Mae memo, defended the effort and said he will not be intimidated.
• The allegations describe dual primary-residence claims and falsified records for better loan terms; Schiff denies wrongdoing and has launched a legal defense fund.
• Similar allegations have been reported regarding New York Attorney General Letitia James and Federal Reserve Governor Lisa Cook, who both deny the claims; President Trump has said he will fire Cook if she does not resign.
• No federal indictments have been publicly filed, though the New York Post reports a Maryland grand jury has been weighing a possible case.