Bill Pulte

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Lisa Cook Fights 'Baseless' Mortgage Fraud Claims

Fed governor's lawyer calls the allegations politically motivated

(Newser) - Federal Reserve Governor Lisa Cook is pushing back against allegations of mortgage fraud, calling the claims "baseless" and urging the Justice Department to drop its investigation. In a letter to Attorney General Pam Bondi and the DOJ's special attorney for mortgage fraud, Cook's lawyer, Abbe Lowell, argued...

Fannie Mae Bigwigs Booted After Raising Data Share Flag

Top execs booted after sounding alarm on confidential info shared by Bill Pulte confidant

(Newser) - A confidant of Bill Pulte, head of the Federal Housing Finance Agency, provided confidential mortgage pricing data from Fannie Mae to a principal competitor, alarming senior officials of the government-backed lending giant who warned it could expose the company to claims it was colluding with a rival to fix mortgage...

City Assessor Seems to Have Good News for Lisa Cook

Ann Arbor official doesn't think she violated property tax laws, reports Reuters

(Newser) - Federal Reserve Governor Lisa Cook has not violated property tax rules for her Ann Arbor home, according to Michigan officials—an assessment that could shape the ongoing legal and political battle over her place on the Fed board, reports Reuters . The city assessor tells the outlet there's "...

Bessent Reportedly Threatens to Punch Out a Co-Worker

Politico reports on a confrontation between the Treasury chief and Bill Pulte

(Newser) - Treasury Secretary Scott Bessent may come off as a low-key guy in public, but he's apparently got an ornery side in private. Earlier this year, he got into a heated clash with Elon Musk at the White House. Now, Politico reports on a new confrontation, this time with another...

FHFA Chief Is Having a 'Pot, Meet Kettle' Moment

Records show Pulte's family claimed same tax breaks that he's slamming Fed governor for

(Newser) - Bill Pulte, a federal housing official, has publicly accused Federal Reserve Governor Lisa Cook of improperly claiming homestead exemptions—tax breaks for owners on their primary residence—on more than one property. However, a Reuters investigation found that Pulte's own father and stepmother, Mark and Julie Pulte, have...

Report: DOJ Launches Fraud Probe of Fed Governor

Lisa Cook investigation follows Trump-backed claims of mortgage application fraud

(Newser) - The Justice Department has launched a fraud probe into Federal Reserve Governor Lisa Cook, following accusations that she falsified documents to secure a mortgage, sources tell the New York Times and the Wall Street Journal . The investigation, still in the early stages, involves the issuing of subpoenas and focuses...

Trump to Fed Governor Lisa Cook: You're Fired

Move is a first in central bank's history

(Newser) - President Trump announced late Monday that he's ousting Federal Reserve governor Lisa Cook, citing allegations that she misrepresented her primary residence on mortgage paperwork. The claims, raised by Federal Housing Finance Agency chief Bill Pulte, center on Cook's 2021 mortgage applications for homes in Michigan and Atlanta—...

WSJ Editorial Worries About 'Nasty' Attack on the Fed

Conservative editors accuse the White House of 'weaponizing the housing regulator'

(Newser) - The conservative editorial page of the Wall Street Journal is not a fan of the Trump administration's latest effort to change the makeup of the Federal Reserve. On Wednesday, the head of President Trump's housing regulatory agency accused Lisa Cook, one of the central bank's governors, of...

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