What mortgage fraud allegations did Federal Housing Finance Agency Director Bill Pulte make against Federal Reserve Governor Lisa Cook in August 2025?

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In a letter to Attorney General Pam Bondi dated August 15, 2025, FHFA Director Bill Pulte alleged that in June 2021 Lisa Cook took out two separate mortgage loans—first a 15-year, $203,000 loan on an Ann Arbor, Michigan home (document dated June 18, 2021), then two weeks later a 30-year, $540,000 mortgage on an Atlanta, Georgia condominium—each designated as her primary residence with occupancy clauses requiring at least one year of residence. Pulte claimed Cook falsified bank documents and property records to secure lower interest rates reserved for primary homes, potentially committing mortgage fraud. (, )

What mortgage fraud allegations did Federal Housing Finance Agency Director Bill Pulte make against Federal Reserve Governor Lisa Cook in August 2025?

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