Trump calls on Federal Reserve Governor Lisa Cook to resign
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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.
Federal Housing Finance Agency Director Bill Pulte suggested Thursday that his referral of Federal Reserve Governor Lisa Cook for alleged mortgage fraud was part of a broader crackdown on the issue.