Federal Reserve Governor Lisa Cook is under investigation by the U.S. Department of Justice (DOJ) over allegations that she misrepresented the occupancy of three properties to obtain more favorable mortgage terms. 

The DOJ has issued subpoenas seeking information related to mortgage fraud claims, according to officials cited by The Wall Street Journal. 

The investigation originated from two criminal referrals sent by Federal Housing Finance Agency (FHFA) Director Bill Pulte to Attorney General Pam Bondi. These referrals prompted President Donald Trump to attempt to dismiss Cook “for cause” on Aug. 25.  

Pulte alleges that in 2021, Cook purchased homes in Michigan and details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com