Aug 21, 07:29 PM

FHFA Chief Pulte Investigates Fed Governor Cook’s Property Holdings

Federal Housing Finance Agency Director Bill Pulte said the regulator has opened an investigation into property holdings of Federal Reserve Governor Lisa Cook, beginning with a residence she owns in Massachusetts. In an Aug. 20 interview with CNBC, Pulte confirmed the probe and added that the U.S. Justice Department had been alerted to potential irregularities in Cook’s mortgage documentation. Speaking on Bloomberg Television the following day, the Trump appointee said FHFA staff are now examining a third Cook-owned property, without specifying the location. "Anything is on the table," Pulte said, suggesting the inquiry could expand if additional evidence emerges. Cook, who was appointed to the Fed’s Board of Governors in 2022, rejected calls for her resignation and denied any wrongdoing. In a written statement obtained by Bloomberg, she said she "has no intention of stepping down" and is compiling documents to address “any legitimate questions” about her personal finances. The investigation underscores escalating tension between the Trump administration and the central bank. Pulte has publicly criticized the Fed and, in separate remarks on Aug. 21, said mortgage giants Fannie Mae and Freddie Mac are now "worth north of $500 billion," adding that decisions on their long-discussed return to the public market rest "entirely" with President Trump.

#Federal Housing Finance Agency #Bill Pulte #Federal Reserve #Lisa Cook #Massachusetts #CNBC #Pulte #Cook #Bloomberg Television #Trump #Fed #Board of Governors #Bloomberg #Fannie Mae #Freddie Mac

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FHFA Chief Pulte Investigates Fed Governor Cook’s Property Holdings

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