President Donald Trump is calling for the resignation of Federal Reserve Governor Lisa Cook after serious allegations surfaced that she committed mortgage fraud. The bombshell development comes after Bill Pulte, head of the U.S. Federal Housing Finance Agency, filed a formal criminal referral to the Justice Department outlining what he says is clear evidence of fraudulent activity.
According to Pulte’s referral, Cook allegedly misrepresented critical details on mortgage documents to secure more favorable loan terms. Specifically, she claimed two separate homes as her “primary residence” within just weeks of one another—an action that not only violates mortgage rules but also constitutes criminal fraud.
The first mortgage in question was obtained on June 18, 2021, when Cook purchased a property in Ann Arbor, Michigan. On that application, she affirmed she would live in the home as her principal residence within 60 days of the loan agreement.
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