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BREAKING: Trump Calls on Biden-Appointed Federal Reserve Governor Lisa Cook to Resign After Pulte Sends Criminal Referral to DOJ for Mortgage Fraud

August 20, 2025

President Trump called on Biden-appointed Federal Reserve Governor Lisa Cook to resign on Wednesday after Bill Pulte criminally referred her to the Justice Department for mortgage fraud.

According to Pulte’s criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsified bank statements when she designated her out of state Atlanta condo as her “primary residence” – just two weeks after taking a loan on her Michigan home where she also claimed “primary residence.”

By claiming “primary residence” on her out of state condo, Lisa Cook received more favorable loan terms and a lower interest rate.

On June 18, 2021, Ms. Cook acquired a loan on a property in Ann Arbor, Michigan. On the mortgage agreement, Cook represented to “use the Property as Borrower’s principal residence within 60 days after the execution of her agreement.

On July 2, 2021, just two weeks later, Lisa Cook also purchased a condo in Atlanta and entered a 30-year mortgage agreement and affirmed the property would serve as her primary residence within 60 days of the execution of the mortgage and would serve as her primary residence for a full year.

This is textbook occupancy fraud.

Bill Pulte repeatedly called on Cook to resign and asked if Jerome Powell was aware of her mortgage fraud.

Pulte formally referred Lisa Cook to the Justice Department for prosecution.

“Cook must resign, now!!” Trump said on Truth Social.

The post BREAKING: Trump Calls on Biden-Appointed Federal Reserve Governor Lisa Cook to Resign After Pulte Sends Criminal Referral to DOJ for Mortgage Fraud appeared first on The Gateway Pundit.