FHFA Director Bill Pulte on Fed's Lisa Cook: Not going to reveal where mortgage fraud tip came from

Mortgage Fraud Allegations - The Federal Housing Finance Agency (FHFA) discovered alleged mortgage fraud independently and received a tip, but the source of the tip is not disclosed to protect sources and methods [10][12] - The FHFA Director believes there is strong cause related to the alleged crime and defers to the President's lawyers and the Department of Justice (DOJ) [19] - The FHFA Director emphasizes the importance of rooting out mortgage fraud to prevent another housing crisis like in 2008 [8][11] Independence and Political Concerns - The FHFA Director questions the independence of the Federal Reserve (The Fed) over the last four years [5] - Concerns are raised about potential political weaponization related to the investigation [9][13] - The FHFA Director defends the agency's role in pursuing mortgage fraud regardless of political affiliation or position [8] Legal and Procedural Aspects - The DOJ is investigating the matter, and the FHFA Director respects the process and is letting it play out [20] - The individual involved has the right to defend herself in court, and the legal process should be allowed to proceed [16][17] - The FHFA makes referrals almost every day, and this case is receiving attention due to the individual involved [17]