Trump Administration Pursues Second Attempt to Fire Fed Governor Over Mortgage Allegations

The Trump administration is once again attempting to fire Federal Reserve governor Lisa Cook over mortgage fraud allegations she denies. The move comes two months after the Supreme Court allowed her to retain her job pending a lawsuit challenging her firing.

Cook, nominated by President Joe Biden, was accused of committing mortgage fraud by declaring two different homes as 'primary residence,' which can get homebuyers lower mortgage rates or smaller down payments on their primary homes compared to second or vacation homes. The allegations date back to last August when Bill Pulte, the director of the Federal Housing Finance Agency, made a criminal referral against Cook.

Cook has aggressively defended herself against the allegations, saying President Trump had attempted to oust her 'on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people.'