President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign after officials accused the Fed board member of mortgage fraud.
Bill Pulte, the chair of the Federal Housing Financing Agency (FHFA), posted a letter to Attorney General Pam Bondi, stating that it appears Cook “has falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statutes.”
Cook reportedly obtained a mortgage in Michigan to be her primary residence and then took a loan on a condominium in Atlanta, Georgia, that was also described as her primary residence, according to Pulte’s letter.