Trump housing regulator accuses Fed governor Cook of mortgage fraud

Federal housing finance regulator Bill Pulte accused Federal Reserve governor Lisa Cook of mortgage fraud and referred her for criminal prosecution.Why it matters: It comes as the president seeks to clean house at the Fed and install governors more to his liking;.Driving the news: Pulte, chairman of the Federal Housing Finance Agency, posted on X a letter to the attorney general stating that it appears Cook "has falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statutes."She took out a mortgage on a house in Michigan represented to be her principal residence, and shortly thereafter a loan on a condominium in Atlanta that was also described as her principal residence, according to Pulte's letter.It further asserts that she listed the Atlanta condo as a rental property in 2022, despite having asserted in mortgage documents it would serve as her primary residence.There is no accusation or evidence that Cook has defaulted on either loan.What they're saying: President Trump posted on Truth Social this morning that "Cook must resign, now!!!"Between the lines: President Trump appears to be building a case to fire Fed governors for cause as he seeks leadership of the central bank that will cut interest rates and be more responsive to his instincts.His appointees have similarly been arguing that cost overruns in the central bank's $2.5 billion headquarters renovation amount to cause to oust Chair Jerome Powell before his term is up in May.Cook joined the Fed Board of Governors in 2022 and her current term extends until 2038.The intrigue: Cook has been a relatively dovish figure within the Fed, ironically showing openness to the kinds of interest rate cuts Trump seeks.Of note: Pulte has been using his agency's control over the nation's mortgage finance system — it is the regulator of Fannie Mae and Freddie Mac, and Pulte has also installed himself as chairman of both companies — to pursue perceived enemies of the president.The agency has made similar accusations against California Sen. Adam Schiff and New York Attorney General Letitia James.

Comments

World news

ICE deports 6-year-old girl and her mom to Ecuador as New York officials blast Trump: ‘Where is your humanity?’

Independent

Trump blares ‘Whiter Shade of Pale’ and shows off umbrella flown from Mar-a-Lago in bonkers tour of White House Rose Garden

about 2 hours ago

Three children - all under the age of three - led cops to scene of parents’ murder-suicide while looking for food

Independent

Comments

Similar News

Judge rejects Trump administration’s request to unseal Epstein grand jury transcripts

Why Trump is really targeting India

ICE deports 6-year-old girl and her mom to Ecuador as New York officials blast Trump: ‘Where is your humanity?’

Trump's war on the Fed is escalating

Trump calls on Federal Reserve governor Lisa Cook to resign, renewing attack on central bank

TV mergers find friendlier audience in Trump’s America

Jeanine Pirro will let people carry shotguns and rifles in DC - despite Trump’s crackdown - without fear of prosecution

Trump set to bar college graduates from debt relief program if employers undermine ‘American values’

Trump demands Lisa Cook, first black woman Fed Reserve member, ‘resign, now!!!’ and accuses her of mortgage fraud

Kid Rock hits back with lewd insult after Newsom mocks him with Trump-style post

Trump blares ‘Whiter Shade of Pale’ and shows off umbrella flown from Mar-a-Lago in bonkers tour of White House Rose Garden

A Tale of Two Jurists in the Trump Era

Trump administration revokes clearances for 37 security officials

Uganda denies reports that it has struck deal with Trump to take in US deportees

Trump calls on Fed governor Lisa Cook to resign

Gavin Newsom is expertly trolling Fox News stars by mimicking Trump online — right down to the nicknames

Trump who famously evaded the draft during Vietnam describes himself as a war hero: ‘‘I guess I am too’

Jeanine Pirro says the quiet part out loud and admits to helping Trump and Republicans as a Fox News host

Trump’s ambiguity is the worst of all worlds

Trump-fueled gas boom has Gulf coast communities on edge: ‘We will keep fighting’

World news

ICE deports 6-year-old girl and her mom to Ecuador as New York officials blast Trump: ‘Where is your humanity?’

Pope Leo to live in Vatican ‘flatshare’ when he moves into papal apartments

Police investigate death of French online star who died during livestream after ‘10 days of torture’

Service dog reunited with blind owner two months after being stolen from Chicago backyard

Russian foreign minister warns West over excluding Moscow from Ukraine security discussions

Hurricane Erin gusts shut down East Coast beaches and swimmers from Carolinas to NYC to Cape Cod

Lost everything in a storm? Good luck. FEMA to require email address for aid as families rebuild after disasters

California resident tests positive for plague after camping near Lake Tahoe

The Latest: Texas GOP poised to approve map gerrymandered for their advantage

Moment 11-year-old girl learns she’s getting a new heart after almost a year of waiting

Israel gives final approval for controversial settlement plan

Dr. Phil sued by Christian broadcaster for ‘reprehensible conduct’ in $500 million deal: ‘Years-long fraudulent scheme’

Kid Rock hits back with lewd insult after Newsom mocks him with Trump-style post

US Navy ship USS New Orleans catches fire while docked in Japan

Jeanine Pirro will let people carry shotguns and rifles in DC - despite Trump’s crackdown - without fear of prosecution

‘We need to find him’: Family claims cops took five hours to respond when they reported their child missing

Where could Putin and Zelensky meet for Ukraine war summit?

Costco members sound off as Pepsi-to-Coke switch begins nationwide

ICE ‘used popular chain hotel’ to detain migrants despite company pledging not to participate

RFK Jr. finally reveals why he wears jeans to the gym

Building explodes after hit-and-run driver strikes gas line in dramatic video

Trump demands Lisa Cook, first black woman Fed Reserve member, ‘resign, now!!!’ and accuses her of mortgage fraud

Trump set to bar college graduates from debt relief program if employers undermine ‘American values’

Trump blares ‘Whiter Shade of Pale’ and shows off umbrella flown from Mar-a-Lago in bonkers tour of White House Rose Garden

Three children - all under the age of three - led cops to scene of parents’ murder-suicide while looking for food

The nine holiday hotspots with current cases of deadly ‘suitcase viruses’

Putin's top diplomat warns of 'road to nowhere' in Ukraine security talks

Woman ‘threatened with rape and dragged to basement by police’ in Serbia protests

GCSE students could be ‘turned away’ from sixth forms unless they get top grades

I don’t want to go on holiday – I’m too worried about my tomatoes

Congo's draft peace deal with M23 seeks to return government control to rebel-held areas

China's Xi makes a rare visit to Tibet to mark 60 years of contested rule there

Lawyer for activist Jimmy Lai defends free speech in landmark Hong Kong trial

Manitoba RCMP say same man suspected in pair of Richer-area break-ins

Gavin Newsom not ‘surprised’ by GOP lawsuit to block redistricting plan

‘America we are BACK!’ White House launches official TikTok account

HHS workers accuse RFK Jr. of stoking violence against them

Voyeurism added to lengthy list of charges for Winnipeg man: police

Horror moment 'killer' dogs attack as residents hit out over string of maulings

Meredith Kercher’s family lawyer slams Amanda Knox over new Disney murder drama

Gavin Newsom is expertly trolling Fox News stars by mimicking Trump online — right down to the nicknames

What could US and European security guarantees look like for Ukraine?

Putin and Zelensky have only met once before – here’s what happened

An Italian funeral for a Palestinian woman evacuated from Gaza becomes a call to 'make noise'

Israel to call up 60,000 reservists ahead of Gaza City move

Archaeologists discover 1,400 year old Christian cross on Abu Dhabi island

Trump who famously evaded the draft during Vietnam describes himself as a war hero: ‘‘I guess I am too’

Pete Hegseth is requiring so much security it’s taking officers off of criminal investigations

Downsize me: McDonald’s plans to cut combo meal prices after complaints

What is Vibrio vulnificus? Symptoms explained as beachgoers warned about flesh-eating bacteria

Hurricane Erin live updates: Storm to bring ‘powerful’ 20 foot waves and flooding risk along US East Coast

Jeanine Pirro says the quiet part out loud and admits to helping Trump and Republicans as a Fox News host

Elon Musk is already giving up on plans to start his own party - and instead looks to back Vance in 2028

Target appoints lifelong employee as new CEO in effort to halt sliding sales

Life after Eberechi Eze: The ‘shrewd’ operator who will rebuild Crystal Palace

Nigel Farage isn’t brave enough to tell the real asylum story

An unidentified flying object has crashed and exploded in Poland's east