The Federal Reserve Governor who was criminally referred to the Justice Division for potential mortgage fraud responded to housing regulator Invoice Pulte’s accusations.
“I realized from the media that FHFA Director William Pulte posted on social media that he was making a felony referral based mostly on a mortgage software from 4 years in the past, earlier than I joined the Federal Reserve,” Lisa Cook dinner mentioned in a assertion.
“I’ve no intention of being bullied to step down from my place due to some questions raised in a tweet,” she mentioned. “I do intend to take any questions on my monetary historical past significantly as a member of the Federal Reserve and so I’m gathering the correct info to reply any reputable questions and supply the information.”
Pulte taunted Lisa Cook dinner.
“Lisa Cook dinner says she’s going to reply all reputable questions. Let’s begin with this. Are these your signatures on Mortgages?” Pulte mentioned on X later Wednesday.
Lisa Cook dinner says she’s going to reply all reputable questions. Let’s begin with this. Are these your signatures on Mortgages? pic.twitter.com/4aOfWB2VN2
— Pulte (@pulte) August 20, 2025
Earlier Wednesday, President Trump known as on Biden-appointed Federal Reserve Governor Lisa Cook dinner to resign on Wednesday after the top of the U.S. Federal Housing Finance Company, Invoice Pulte, criminally referred her to the Justice Division for mortgage fraud.
In line with Pulte’s felony referral, Lisa Cook dinner dedicated mortgage fraud by mendacity on her mortgage software and falsifying financial institution statements when she designated her out-of-state Atlanta apartment as her “main residence”—simply two weeks after taking a mortgage on her Michigan dwelling, which she additionally claimed as her “main residence.”
By claiming “main residence” on her out-of-state apartment, Lisa Cook dinner acquired extra favorable mortgage phrases and a decrease rate of interest.
On June 18, 2021, Cook dinner acquired a mortgage on a property in Ann Arbor, Michigan. On the mortgage settlement, Cook dinner represented to “use the Property as Borrower’s principal residence inside 60 days after the execution of her settlement, Pulte mentioned.
On July 2, 2021, simply two weeks later, Lisa Cook dinner additionally bought a apartment in Atlanta and entered a 30-year mortgage settlement and affirmed the property would function her main residence inside 60 days of the execution of the mortgage and would function her main residence for a full yr, Pulte’s referral mentioned.
In line with Pulte, whereas Cook dinner affirmed her Atlanta property would function her main residence, on-line information point out that the property was listed for lease in September 2022.
“Whereas the property was listed for lease in 2022, a assessment of Ms. Cook dinner’s federal authorities monetary disclosures for calendar years 2022 and 2023 point out that she has not disclosed any rental earnings tied to this deal with,” Pulte wrote in his felony referral.
That is textbook occupancy fraud.
U.S. Federal Housing FHFA, alleges in a Legal Referral to the Division of Justice that Federal Reserve Governor, Lisa D. Cook dinner, dedicated mortgage fraud by designating her out of state apartment as her main residence, simply two weeks after taking a mortgage on her Michigan dwelling… pic.twitter.com/3hlknQ4yzF
— Pulte (@pulte) August 20, 2025
Invoice Pulte repeatedly known as on Cook dinner to resign and requested if Jerome Powell was conscious of her mortgage fraud.
Right here is the Legal Referral Letter on Lisa Cook dinner, the present Fed Governor. pic.twitter.com/aG0LGnokei
— Pulte (@pulte) August 20, 2025
“Cook dinner should resign, now!!” Trump mentioned on Fact Social.
