Trump Allies Escalate Mortgage Fraud Allegations Against Federal Reserve Governor

Former President Donald TRUMP has called for the resignation of Federal Reserve Governor Lisa Cook following explosive mortgage fraud allegations. The controversy erupted after Bill Pulte, a Trump ally and head of the Federal Housing Finance Agency, publicly accused Cook of falsifying documents to claim two separate homes as primary residences—a violation of federal mortgage law.

Pulte's letter, posted on social media platform X, alleges Cook secured favorable loan terms through fraudulent means, with one property later listed for rent. The demand for Department of Justice intervention intensifies the Trump administration's longstanding tensions with the Federal Reserve.

On CNBC, Pulte framed the allegations as a clear-cut legal matter rather than political theater. "There's no funny business here," he stated. "If you commit mortgage fraud in black and white, you will be prosecuted." The accusations add fuel to Trump's broader criticisms of Federal Reserve leadership, including Chair Jay Powell.