Fact-check analysisVerified as of August 29, 2025Curated by FactVerify
Mostly True

FHFA Director Bill Pulte has filed ANOTHER CRIMINAL REFERRAL against Democrat Federal Reserve Governor Lisa Cook over mortgage fraud on a 3rd property, and misrepresentations about her properties to the U. S. government while serving on the Fed Board.

Federal Housing Finance Agency Director Bill Pulte has filed a criminal referral with the Department of Justice alleging mortgage fraud by Federal Reserve Governor Lisa Cook involving multiple properties, including a third property, with accusations of misrepresentations to the U.S. Government during her Fed tenure.

FHFA's Pulte Accuses Federal Reserve Governor of Mortgage Fraud - Weekly Real Estate News

FHFA's Pulte Accuses Federal Reserve Governor of Mortgage Fraud - Weekly Real Estate News

Source: wrenews.com

At a glance

Key Evidence

Verified August 29, 2025
The reporting

What the Evidence Shows

Multiple independent sources confirm that Bill Pulte, FHFA Director, has made criminal referrals alleging mortgage fraud against Federal Reserve Governor Lisa Cook. These allegations include falsifying information about primary residences on mortgage applications and misrepresentations in government ethics filings.

The sources consistently mention at least two properties involved initially, a Michigan home and an Atlanta condominium, and a third property, a condominium in Cambridge, Massachusetts, is also cited in the most recent referral.wrenews.comwrenews.comFHFA's Pulte Accuses Federal Reserve Governor of Mortgage Fraudcnbc.comcnbc.comTrump housing director Pulte lodges new criminal referral for Fed Governor Lisa...+1 more

The allegations are tied to Cook's time serving on the Federal Reserve Board, with claims that she misrepresented property information to obtain favorable mortgage terms and in official government disclosures.nytimes.comnytimes.comWhat to Know About the Fed’s Lisa Cook and Mortgage Fraud Allegations+1 more

While the criminal referral has been made and publicized by Pulte, there is no publicly available confirmation from the Department of Justice or any legal proceeding outcome as of the current date. Thus, these remain allegations pending investigation.

The political context is noted: Pulte was appointed during the Trump administration and has been publicly critical of Cook, who was appointed by President Biden. This context is relevant for understanding potential partisan dynamics but does not negate the factual basis that referrals have been filed.

President Trump has publicly called for Cook's resignation following these allegations, and Cook has indicated intentions to legally challenge attempts to remove her.foxbusiness.comfoxbusiness.comA Trump official said Lisa Cook engaged in mortgage fraud over two propertiesnbcnews.comnbcnews.comTrump says Fed Governor Lisa Cook 'must resign' after William Pulte alleges...

In summary, evidence from multiple reputable news outlets confirms that Bill Pulte has filed criminal referrals alleging mortgage fraud by Lisa Cook involving multiple properties including a third one. However, these are allegations under investigation without confirmed legal findings at this time.

Primary trail

Verified Sources7

FHFA's Pulte Accuses Federal Reserve Governor of Mortgage Fraud

wrenews.com
Open source

FHFA Director Targets Fed Governor Over Mortgage Fraud

themortgagepoint.com
Open source

Trump housing director Pulte lodges new criminal referral for Fed Governor Lisa...

cnbc.com
Open source
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