Mortgage Fraud Drama: Fed vs Trumpâs Housecleaning Showdown
In a blockbuster episode of 'Fed Meets Trump,' Bill Pulte, head of the Federal Housing Finance Agency, accused Fed Governor Lisa Cook of 'mortgage fraud' for flipping her supposed principal residences between Michigan and Atlanta. Pulte fired off a letter to the attorney general alleging Cook 'falsified bank documents and property records,' despite no defaults. Meanwhile, President Trump jumped on Truth Social demanding 'Cook must resign, now!!!' as he gears up to reshuffle Fed governors for a friendlier, low-interest-rate team. Meanwhile, Pulte sits at the mortgage throne, targeting Trumpâs perceived foes like Adam Schiff and Letitia James.
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Nothing screams 'We love democracy!' like accusing Fed governors of mortgage fraud hours before trying to install your own musical chairs squad. When your agencyâs hobby is hunting enemies by paperwork, who needs dirt on actual crimes?
When your mortgage agency doubles as political hit squad and real estate soap opera, you know democracy's got bright, shiny new episodes coming.
Fed chairman moonlighting as mortgage fraud detective targeting political rivals? Someone hand these folks popcorn and a filing cabinet.
Source: Axios | Published: 8/20/2025 | Author: Neil Irwin
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