President Donald Trump is pushing for the resignation of Federal Reserve Board Governor Lisa Cook, who faces mortgage fraud accusations. He posted on Truth Social, “Cook must resign, now!!!”
In The New York Sun, Novi Zhukovsky reports:
The president’s attack followed a letter from the Federal Housing Finance Agency director, Bill Pulte, to Attorney General Pam Bondi requesting an investigation into Ms. Cook for allegedly falsifying bank documents and property records to secure favorable loan terms.
Mr. Pulte, an heir to the Pulte Homes fortune, accuses Ms. Cook of designating two homes as her primary residence to receive lower mortgage rates. He claims that the Fed board member claimed in a June 2021 mortgage agreement for an Ann Arbor, Michigan, property that the home would be her primary residence for at least a year. Two weeks later, he alleges that she purchased a condominium at Atlanta that she also claimed would be her primary residence for a year.
“How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?” Mr. Pulte wrote on X, echoing Mr. Trump’s criticism.
Read more here.
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