Bill Pulte, director of the Federal Housing Finance Agency, discussed the alleged hostage fraud by Federal Reserve Governor Lisa Cook on ‘Money Making’.
Federal Reserve Governor Lisa Cook is facing allegations of hostage fraud by an officer of Trump Administration and vowing to fight legally against the President Donald Trump’s Attempt to remove it.
Last week, Bill Pulte, director of the Federal Housing Finance Agency, presented a criminal referral to the Justice Department, accusing the Nurber, Michigan and Atlanta, Gathering for two houses in unfairly claiming residence, while receiving hostage for two houses. Cook has not been accused of a crime, and it is not clear whether allegations will be filed as a result of the DOJ investigation.
“We see hostage frauds all over the United States, it happens all the time, it is prosecuted all the time,” Pulte said in an interview with the Fox Business Network. “Earn money with Charles Payne” On Friday.
“In the case of Ms. Cook, it appears to be what we can tell, to be a clear hostage fraud. She claimed to live in the state of Michigan, she took a loan. And then she left and then took another loan in Atlanta and said that both were her primary residence.
Trump removed Federal Reserve Governor Lisa Cook from office, citing fraud allegations
Fed Governor Lisa Cook, Wright, Trump Administration Housing is facing allegations of hostage fraud charged by the official bill poultry. (Drew Anger / Getty Images)
“You cannot do this in our mortgage market. You should be able to declare that this is a second home or investment property. You have to fill these applications correctly,” they explained.
Lenders will usually offer more favorable conditions when an asset is designated as a primary residence, such as low interest rates, small down payments, high loan-to-price ratio when borrowing against property, and more loan-to-income-income ratio such as more liberal lending standards such as more liberal lending standards.
Horticulture fraud can be prosecuted under federal and state laws, including prison sentences and large fines. Civil penalty can include lenders calling in debt immediately, which can increase foreclosure risk, and the borrower can be banned from obtaining future loans.
The referral comes amidst the pressure of the Trump administration pressure federal Reserve In cutting interest rates, the President and his colleagues want to be in the hope that it will promote the economy and reduce the cost of serving national loans.
The President moved to the fire cook on Monday, although it is not clear whether he has or not Valid authority This is the first time to do this when an US President has tried to remove a Fed Governor. Under the laws implemented by the Congress, which operates the central bank, the Fed Governor can only be removed for the “cause”, which is usually understood to apply to malfunction or misconduct.
If she does not resign, Trump threatened to fire Fed Fed Governor Cook
President Trump has threatened to firing Fed Chair Jerome Powell, although he has supported late those dangers in May 2026 with Powell’s chairmanship. (Kent Nishimura / Reuters)
Cook has indicated that it intends to file a lawsuit to block Trump’s attempt to set him on fire, which may leave the courts in the event of determining whether the church referral is sufficient or punished to remove the cook in the absence of real criminal allegations.
A Federal Reserve spokesperson said in a statement on Tuesday that the Central Bank “would continue to carry forward its duties established by the law,” and it would follow any court verdict in Cook’s case.
Federal Reserve Freedom at risk from Trump’s pressure campaign warns JP Morgan
FHFA director Bill Pulte had previously posted an unbalanced rumor that Fed Chair Jerome Powell was considering resigning amidst the pressure campaign of Powell Trump Admin. (Tom Williams / CQ-Roll Call, Inc.
In a statement released on Tuesday, Cook said, “President Trump ‘for the reason for the’ reason ‘not under the law, and he has no right to do so. I will not resign. I will continue to fulfill my duties to help the American economy as I have been doing 2022.”
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After the Pulte referral last week, Cook said “due to some questions raised in a tweet,” there is no intention of withdrawing from my situation, “saying that she would” seriously question my financial history as a member of the Federal Reserve “and collect facts to answer valid questions on the subject.
