Pulte Revives Mortgage Fraud Claims Against Fed's Cook After SCOTUS Ruling

The FHFA director renewed public allegations of mortgage fraud against Federal Reserve governor Lisa Cook within hours of the Supreme Court blocking her removal.

The Supreme Court issued an order blocking President Trump from immediately removing Lisa Cook from the Federal Reserve board.
FHFA Director Bill Pulte reiterated prior allegations of mortgage fraud against Cook following the ruling.
Cook has denied any wrongdoing and has not been charged with a crime.
The allegations center on a mortgage application Cook allegedly filed; no criminal referral has been publicly confirmed.
The Supreme Court's temporary block does not resolve the underlying question of whether the president can remove Fed governors.

Within hours of the Supreme Court issuing a temporary block on President Trump's attempt to remove Federal Reserve governor Lisa Cook, Federal Housing Finance Agency director Bill Pulte returned to social media to restate his allegations of mortgage fraud against her.

Cook, an economist and Michigan State University professor who was confirmed to the Fed's board of governors in 2022, has denied wrongdoing. She has not been charged with a crime. The allegations, which Pulte has aired publicly rather than through law enforcement channels, concern a mortgage application.

The Supreme Court's order, issued without noted dissent, temporarily prevents the White House from executing the removal while litigation proceeds. It does not constitute a ruling on the merits of whether the president holds statutory authority to remove Fed governors.

Pulte's renewed public statements came after the court's order was posted, not before. The FHFA oversees Fannie Mae and Freddie Mac — entities that guarantee the mortgages Pulte is alleging were fraudulently obtained. The timing of the announcement was not addressed in his posts.