"Investigators have issued subpoenas as part of an inquiry into Cook that was spawned by a criminal referral from the country's top housing regulator, according to a person familiar with the matter who was not authorized to discuss the probe and spoke on condition of anonymity to The Associated Press. A Justice Department spokesperson declined to comment on the probe, which was earlier reported by The Wall Street Journal."
"Trump moved to fire Cook on Aug. 25 after one of his appointees alleged that she committed mortgage fraud related to two properties she purchased in 2021, before she joined the Fed. Bill Pulte, who made the criminal referral in his capacity as director of the Federal Housing Finance Agency, has asserted that Cook had claimed two primary residences, in Ann Arbor, Michigan, and Atlanta, in 2021 to get better mortgage terms. Mortgage rates are often higher on second homes or those purchased to rent."
Investigators at the Justice Department have begun examining mortgage fraud allegations involving Federal Reserve Governor Lisa Cook and have issued subpoenas tied to an inquiry. The probe was prompted by a criminal referral from Federal Housing Finance Agency Director Bill Pulte alleging Cook claimed two primary residences in 2021 to obtain better mortgage terms for properties in Ann Arbor and Atlanta. President Trump moved to fire Cook on Aug. 25 after an appointee raised the allegations. Cook contends the removal seeks to undermine the Fed's independence. Cook's lawyer called the Justice Department politicized; the DOJ declined to comment.
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