Overview

• Erik Siebert was told to resign or be fired, according to multiple reports, though he remained in his office late Friday, Reuters reported.
• Federal prosecutors in the Eastern District of Virginia found no clear evidence James knowingly committed mortgage fraud in her 2023 Virginia home purchase.
• Investigators determined a limited power of attorney used at the Norfolk closing was not considered by loan officers who approved the mortgage, sources said.
• Administration officials pressed Siebert to bring charges and plan to install a prosecutor who would pursue the case more aggressively, according to ABC News.
• The inquiry began with an April criminal referral from FHFA Director Bill Pulte and has drawn sharp criticism from legal experts and James’ attorney Abbe Lowell, who warn the shake-up could undermine a U.S. attorney’s office central to national security cases.