On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud. Neither Bondi nor the Justice Department has announced if they plan to open a criminal investigation into Cook.

Sen. Adam Schiff (D-CA) is preparing for a legal war with President Donald Trump after the president accused him of mortgage fraud. Schiff has created a legal defense fund as the Justice Department investigates the allegations. Trump has appointed former D.C. U.S. Attorney Ed Martin as special attorney in the case.

Some of Merchants’ rise was powered by loans to a group of players now in hot water. These operators made fraudulent transactions

Martin, wearing a beige trench coat, visited the Clinton Hill brownstone just one week after being appointed by Attorney General Pam Bondi to lead parallel mortgage fraud probes into James and California Sen. Adam Schiff, The New York Post reported.