"Reuters also reported that Cook never requested a tax exemption for the Georgia home as a primary residence, according to property records and a Fulton County tax official. The condo loan estimate contradicts the claim by FHFA Director Bill Pulte in a criminal referral to Attorney General Pam Bondi on Aug. 15 that Cook falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute."
"Following that referral, President Trump called on Cook to resign and said he would fire her unless she resigned then sent a letter attempting to fire her after she didn't resign. Cook has maintained her innocence, suing Trump over his attempt to fire her. She remains on the Federal Reserve board while her lawsuit makes its way through the courts but on Friday Trump requested an emergency ruling in the case."
Property records and a Fulton County tax official show Cook never requested a primary-residence tax exemption for the Georgia home. A condo loan estimate contradicts FHFA Director Bill Pulte's criminal referral alleging Cook falsified bank documents and property records to obtain more favorable loan terms, potentially amounting to mortgage fraud. President Trump called on Cook to resign, threatened to fire her, and sent a letter attempting to remove her after she refused. Cook sued Trump and maintains her innocence while remaining on the Federal Reserve board as the lawsuit proceeds and Trump seeks an emergency ruling. The Fed is expected to vote on interest-rate cuts at the Sept. 16-17 meeting amid recent weak jobs reports and falling mortgage rates following the 10-year yield.
#mortgage-fraud-allegations #federal-reserve-governance #interest-rate-cuts #presidential-removal-attempt
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