President Donald Trump said that he’s firing Federal Reserve Governor Lisa Cook. Trump posted a letter Monday night on his Truth Social platform stating that he is removing Cook effectively immediately related to allegations that she committed mortgage fraud. RELATED: Trump calls on Fed governor Lisa Cook to resign after mortgage fraud allegation Federal Reserve governors vote
designer491/Getty On Wednesday, August 20, President Donald Trump and his administration called for Federal Reserve Governor Lisa Cook to resign from her position after Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), discovered that she allegedly engaged in mortgage fraud. And she’s not the only one. In previous weeks, the 47th presidential
The Brief Trump urged Fed governor Lisa Cook to resign after a mortgage fraud accusation. Regulator Bill Pulte asked the DOJ to investigate claims she misused primary residence rules. The move is part of Trump’s push to gain more control over the Fed. WASHINGTON – On Wednesday, President Donald Trump urged Federal Reserve governor Lisa
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing Finance
Merchants Bancorp of Indiana, a regional bank with a $500M multifamily loan book, has more than quintupled the money it has set aside to cover potential losses because of an increase in fraud in its loan portfolio. A Merchants Bank branch in Spring Grove, Minnesota. Merchants Bank’s net income fell by 50%, or roughly $38M year-over-year, in
Ike Suri – CEO of FundingShield NEWPORT BEACH, Calif., May 29, 2025–(BUSINESS WIRE)–In a major step toward protecting the integrity of the U.S. housing finance system, Fannie Mae CEO Priscilla Almodovar, FHFA Director Bill Pulte, and Palantir Technologies CEO Alex Karp have joined forces in a coordinated initiative to combat mortgage fraud across the homebuying
New allegations tied to a mortgage fraud scandal that rocked the industry and landed an executive in federal prison now implicate JPMorgan, the lender on the deal, and the borrower — New York’s Chetrit Group. Wells Fargo, which filed suit in federal civil court as trustee on a $481 million CMBS loan, alleges JPMorgan knew