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You are currently viewing Federal Reserve’s Cook Latest Trump Target Of Mortgage Fraud Allegations—She ‘Must Resign Now,’ He Says

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President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign after Federal Housing Finance Agency Director Bill Pulte accused her of mortgage fraud, the latest instance of the Trump administration levying similar claims on high-profile Democrats and Trump opponents.

Key Facts

Trump wrote on Truth Social, citing a report on Pulte’s allegations, that “Cook must resign, now!!!”

Pulte wrote a letter earlier this month requesting Attorney General Pam Bondi to investigate Cook, alleging Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

In his letter, Pulte claims Cook—whose term expires in 2038—appeared to acquire mortgages that “do not meet certain lending requirements” and she “could have received favorable loan terms under fraudulent circumstances.”

Pulte’s referral cites a $203,000, 15-year mortgage on an Ann Arbor, Michigan, property that Cook took in June 2021 and a separate $540,000, 30-year mortgage

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