A judge will hear arguments in the Lisa Cook dismissal case while the Governor of the Fed faces allegations of mortgage fraud. Fox Business’ Lydia Hu with more.
The trial of the governor of the Lisa Cook Federal Reserve against the President Donald Trump Based on a trio of mortgages that she removed before joining the central bank of the country.
The loans, linked to the properties of Michigan, Georgia and Massachusetts, examined if it has distorted the way the houses would be used. Trump seized these allegations in his attempt to avoid him from his role as Federal reserve The governor, the panel of central bankers who is responsible for tracing the country’s economic path.
The Governor of the Federal Reserve Lisa Cook continues Trump
Cook’s trial maintains that Trump’s decision to dismiss her is illegal and undermines the independence of the federal reserve. The trial, which was filed before the Federal Court on August 28, does not explain why Cook listed two houses as the main residence on mortgage documents.
The governor of the federal reserve, Lisa Cook, continues President Donald Trump before the Federal Court. (Al Images al Drago / Bloomberg / Getty / Getty)
The allegations are from Bill Pulte, a named against the Federal Agency which regulates Fannie Mae and Freddie Mac. Pulte linked Cook to the three properties in two separate references to the Ministry of Justice.
On Thursday, the Ministry of Justice confirmed to Fox News that he had launched a criminal investigation into Cook for allegations of fraud on mortgage demand.
The Ministry of Justice opens a criminal investigation into Lisa Cook by Fed
The trio of mortgage loans, which is now part of the DOJ investigation, was issued in 2021 and before Cook was appointed governor of the federal reserve by former president Joe Biden.
The preferential terms are involved with primary bans, which lenders generally consider as a lower risk that mortgages for holiday homes or rental properties.
In the latest Cook’s financial disclosure report, which is required by federal officials, it lists the three mortgages as well as its income, retirement accounts and its investments. She signed the report electronically and tabled it at the American Government Ethics Office on June 15, 2025.
The three mortgages from the Governor of the Lisa Cook Federal Reserve are listed in his latest financial disclosure report. (Us Office of Government Ethics / Fox News)
The report, which lasts 12 pages, shows that Cook has won more than $ 50,000 per year for rental of its Cambridge condominium, Massachusetts.
Pulte said in a letter to the Ministry of Justice that Cook had not represented Cambridge’s co -ownership as an investment property to the lender. He said she had claimed the residence as a second house.
Nearly 600 economists Back Lisa Cook and Fed Independence in open letter
Cook bought the Condo in 2002 when she was a professor at Harvard University. For this property, she obtained a 15 -year loan for $ 361,000 at a rate of 2.5% in April 2021.
Two months later, Cook obtained a mortgage for a three -bedroom house in Ann Arbor, Michigan. The 15 -year loan for $ 203,000 at a rate of 2.87% through the University of Credit of the University of Michigan covered the property with 1,800 square feet.
At the time, she taught economics and international relations at Michigan State University, about an hour’s drive.
A view of the Google map of the Michigan House belonging to the governor of the Federal Reserve Lisa Cook, who continues President Donald Trump. (Google Maps / Google Maps)
Cook also obtained a mortgage of $ 540,000 at 30 for a luxury condo above the Four Seasons hotel in Atlanta, Georgia.
The loan, issued by the staff of the Federal Credit Union bank fund, included an interest rate of 3.25%.
Cook’s trial against Trump is putting in place a potential confrontation of the Supreme Court
In this loan agreement, Cook “said that this property would serve as a main residence within 60 days of the mortgage execution and served as a main residence for a full year,” according to Pulte’s reference letter to the Ministry of Justice.
A view of Google Map from the Four Seasons hotel and condominiums in Atlanta, Georgia. (Google Maps / Google Maps)
Cook did not explain why the houses of Michigan and Georgia are listed as its main residence. Her lawyer, Abbe Lowell, wrote in a file on September 2 that she “had never committed mortgage fraud”.
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Lowell has already represented Hunter BidenDirector of disease and prevention control centers Susan MonarezNew York Letitia James Prosecutor General as well as Jared Kushner and Ivanka Trump.
Cook’s lawyers and lawyers turn to court on September 4 in what will probably be a matter that will be expelled Supreme Court.
