FHFA Director William Pulte wrote Wednesday morning on social platform X that Cook had designated two of her houses as her primary residences.
“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 where she also declared it as her primary residence,” he said.
Pulte said his agency sent a criminal referral to the Department of Justice (DOJ) regarding the allegations against Cook.
In his series of posts, Pulte included photographs of document signatures apparently belonging to Cook that allegedly applied to two different residences, one in Michigan and another described as an “Atlanta condo.”
“I believe the DOJ will open a criminal investigation into her alleged mortgage fraud,” he said.
The Hill asked the Justice Department whether it will investigate the claims from Pulte. The Federal Reserve declined to immediately comment on the allegations.
Government mortgage credit provider Fannie Mae describes on its website “the limits that apply to the number of financed properties a borrower may have.” In a table on that page for principal residences, the “maximum number of financed properties” is designated as having “no limit.”
The Trump administration has been engaging in a pressure campaign on the Fed for several months.
The Hill’s Tobias Burns has more here.
