The Trump administration reported Cook to the Department of Justice for suspected mortgage fraud. The allegations of mortgage fraud were raised by Bill Pulte, director of the Federal Housing Finance Agency. “Cook must resign, now!!!” Trump wrote on ...

The surprise early resignation of former Fed Governor Adriana Kugler, another Biden pick, gives Trump an early opening to nominate someone to the central bank’s board and steer its monetary policy trajectory more toward his preferred path. He has named one of his economic aides, Stephen Miran, to fill the slot on an interim basis.

Federal Reserve Governor Lisa Cook has announced she is not resigning, despite allegations of mortgage fraud made by the Federal Housing leader on X.

Philadelphia Fed researchers in a 2023 report assessed the number of “fraudulent investors” in the mortgage market, which they defined as those who had more than one owner-occupied home purchase loan within four quarters after the first one was originated.

President Donald Trump is reportedly considering firing Federal Reserve governor Lisa Cook following allegations made by one of the president’s housing officials that she committed mortgage fraud.

The new FHFA chief has turned a low-profile agency into a political flashpoint while waging an online war against the Fed chair.

Federal Housing Finance Agency (FHFA) director William Pulte on Wednesday accused Federal Reserve Governor Lisa Cook, a Biden appointee, of mortgage fraud. President Trump then demanded her resignation. Where this goes is hard to know, but it’s an ...