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Fed Gov. Cook Filing: Governor Cook did not ever commit mortgage fraud
CNBC Television· 2025-09-02 20:43
John, thanks. Governor Cook filed an expected brief this afternoon uh in the district court case to uh overturn her firing. She says in in the brief that govern it says Governor Cook did not ever commit mortgage fraud.calls any issues with mortgages repeatedly in this uh in this document, quote, facial contradictions. And any issues with these mortgages, she she says in the briefing, were included in documents previously disclosed to the Senate in her um nomination process and and her vetting charges agains ...
Ro Khanna says Lisa Cook ‘should release’ her records despite Trump trying to ‘bully the Fed’
NBC News· 2025-08-31 13:38
Well, and another issue we're tracking closely are the developments at the Fed. The administration trying to oust Fed Governor Lisa Cook accusing Cook of mortgage fraud. She denies that and she's now suing the administration alleging this is purely politics.But Congressman, let me ask you, do you think Lisa Cook should just release her mortgage documents to dispute these allegations against her. She could be transparent, but this has nothing to do with the specifics of Lisa Cook. This has to do with Donald ...
Justice department argues it has not heard explanation from Fed Governor Lisa Cook
CNBC Television· 2025-08-29 17:33
Legal & Regulatory Landscape - The court hearing regarding Lisa Cook's potential termination from the Fed was non-determinative, with the judge requesting more documents and resuming on Tuesday [1][2] - The Department of Justice argued that the president has full authority to fire Lisa Cook and doesn't need to abide by much due process, suggesting a public notice via tweet is sufficient [3] - The definition of "for cause" for firing is not defined in the statute, leaving it to the judge to decide, with the president's representative arguing it must bear on the official's ability to do their job [4] - Lisa Cook's attorney suggested that if the cause for firing had to be unknown at the time of the Senate confirmation hearing, they would present documents showing the mortgage issue was knowable by the Senate [5][6] Allegations & Defense - The hearing focused on whether the firing can happen, not on the truth of the mortgage fraud allegations [7] - Lisa Cook's attorney argues she hasn't had a chance to defend herself regarding the allegations [9] - The government argues that Lisa Cook's lack of public defense implies she has nothing useful to say [10]
Judge to Hold Emergency Hearing on Trump Trying to Fire Lisa Cook
Bloomberg Television· 2025-08-28 17:46
Lisa Cook sues Trump over Moves to oust her from Fed Board. We saw it coming. Her lawyer, Abbe Lowell, told us two days ago that this lawsuit would be on the way and now it is reality.Suing the president over his attempt to fire her for alleged mortgage fraud and mortgage fraud, challenging his claim that she may have lied on the mortgage application. And of course, in a fraud case, you have to prove that it was intentional. Realizing we're talking about documents here, mortgage applications in this case, a ...
X @The Economist
The Economist· 2025-08-28 14:40
Bill Pulte alleges that she took out two mortgages a fortnight apart—one for a house in Michigan and another for a flat in Atlanta—and claimed that both would be her main residence. But substantiating a charge of mortgage fraud is fiendishly difficult https://t.co/ZQvILUv53R ...
X @The Economist
The Economist· 2025-08-28 11:00
She has been accused of mortgage fraud, and Donald Trump has sought to sack her as a Federal Reserve governor. We look at the allegations https://t.co/y9zuzY6pQSPhoto: Getty Images https://t.co/64Ol5uPhmT ...
X @The Economist
The Economist· 2025-08-27 22:40
She has been accused of mortgage fraud, and Donald Trump has sought to sack her as a Federal Reserve governor. We look at the allegations https://t.co/ifr8pjAPTu ...
X @The Economist
The Economist· 2025-08-27 22:00
Political Commentary - The report suggests Donald Trump's criticism of Lisa Cook is not genuinely about mortgage fraud [1] - The report implies the attack is a manifestation of corruption within the American government [1]
Mortgage fraud is the Trump admin's newest allegation against political foes
NBC News· 2025-08-27 21:36
can't have an infraction, especially that infraction because she's in charge of, if you think about it, mortgages, and we need people that are 100% above board. Mortgage fraud is the latest allegation the Trump administration is using against its political foes. Mortgage is their new weapon to go after their critics.The Trump administration has accused New York Attorney General Leticia James, California Senator Adam Schiff, and Federal Reserve Governor Lisa Cook, who President Trump has attempted to fire. T ...
Mortgage fraud risk is on the rise, but lenders catch it more often due to technology
CNBC Television· 2025-08-27 15:36
Welcome back. President Trump's decision to fire Fed Governor Lisa Cook has brought the issue of mortgage fraud to uh the forefront, but the practice may be less widespread than you might think. Diana Olig joins us.She has that story. Diana. >> Well, David, mortgage fraud risk is rising slightly, but it's still at a very low level and lenders are catching it more often now thanks to technology.Mortgage application fraud increased just over 6% nationally in Q2 from a year ago. That according to Totality. Aga ...