For the third time in just months, a prominent Democrat has been accused of lying to federal officials about housing in order to get preferential mortgage terms.
First it was Letitia James, the attorney general for New York who flamboyantly claimed in a court case that is on appeal that President Donald Trump’s companies committed fraud in loan deals the banks were happy to make, profited from, and would like to do again.
She was accused of wrongly claiming the location of her “primary residence.”
Then it was Adam Schiff, the Democrat senator from California who pushed hard at the false claims of the Russiagate conspiracy theory over which Trump was impeached – and acquitted.
He apparently claimed two residences as his “primary” at the same time.
Now Trump is calling for Lisa D. Cook, a governor of the Federal Reserve who was appointed by Joe Biden, to leave her post because she faces the same accusations.
It was the U.S. Federal Housing FHFA that alleged, in a criminal referral to the Department of Justice, that Cook committed mortgage fraud by designating both an out of state condominium as well as a Michigan residence as her primary “home,” at the same time.
Shortly later, the condo allegedly was offered for rent.
The government statement said, “When someone commits mortgage fraud, they undermine the faith and integrity of our System. It does not matter who you are – no one is above the law. We have sent a Criminal Referral to the Department of Justice with regard to the allegations against Ms. Cook, and the DOJ should go wherever the facts may lead them.”
U.S. Federal Housing FHFA, alleges in a Criminal Referral to the Department of Justice that Federal Reserve Governor, Lisa D. Cook, committed mortgage fraud by designating her out of state condo as her primary residence, just two weeks after taking a loan on her Michigan home… pic.twitter.com/3hlknQ4yzF
— Pulte (@pulte) August 20, 2025
Here is the Criminal Referral Letter on Lisa Cook, the current Fed Governor. pic.twitter.com/aG0LGnokei
— Pulte (@pulte) August 20, 2025
The Gateway Pundit said federal housing chief Bill Pulte also has called for Cook to resign, and asked if Fed chief Jerome Powell “was aware of her mortgage fraud.”
