President Trump called for Federal Reserve Governor Lisa Cook to resign after allegations about multiple mortgages linked to properties in Michigan, Georgia and possibly Massachusetts. Bill Pulte, director of the Federal Housing Finance Agency, alleged Cook designated an Atlanta condo as her primary residence after taking a loan on a Michigan home that she also declared primary. Pulte urged Attorney General Pam Bondi to investigate and said the Department of Justice was taking the matter seriously and probing additional properties. Cook's financial disclosures list three 2021 mortgages with interest rates comparable to 2021 averages. Cook began at the Fed in 2022 and received a 14-year reappointment in 2023.
United States President Donald Trump has called on Federal Reserve Governor Lisa Cook to resign, intensifying his effort to gain influence over the central bank on the basis of allegations made by one of his allies about mortgages Cook holds in Michigan and Georgia. US Federal Housing Finance Agency Director Bill Pulte alleged in a post on X earlier on Wednesday that Cook had designated a condo in Atlanta as her primary residence after taking a loan on her home in Michigan,
Cook's federally filed financial disclosure documents show three mortgages taken out in 2021, including a 15-year 2.5 percent loan on an investment property and two loans for personal residences, including a 30-year 3.25 percent mortgage and a 15-year 2.875 percent mortgage. The weekly average rate for 30-year loans during 2021 ranged between 2.9 percent and 3.3 percent, Mortgage Bankers Association data shows.
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