The Trump administration is attempting to oust another Federal Reserve official, and the attack is being led by a familiar figure: top housing regulator Bill Pulte. The big picture: Pulte accused Federal Reserve governor Lisa Cook of mortgage fraud,

Federal Reserve governor Lisa Cook late Wednesday said she wouldn't leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.

Philadelphia Fed researchers in a 2023 report assessed the number of “fraudulent investors” in the mortgage market, which they defined as those who had more than one owner-occupied home purchase loan within four quarters after the first one was originated.

The new FHFA chief has turned a low-profile agency into a political flashpoint while waging an online war against the Fed chair.

A federal housing official alleges Federal Reserve governor Lisa Cook committed mortgage fraud in 2021 loan applications.

Federal Housing Finance Agency (FHFA) director William Pulte on Wednesday accused Federal Reserve Governor Lisa Cook, a Biden appointee, of mortgage fraud. President Trump then demanded her resignation. Where this goes is hard to know, but it’s an ...