Housing regulator Bill Pulte is the hero we didn’t know we needed!
Embattled Federal Reserve Governor Lisa Cook fianlly admitted to manufacturing documents and said a ‘clerical error’ is behind the mortgage fraud dispute.
As reported earlier, Lisa Cook filed a lawsuit after President Trump fired her as Federal Reserve Governor – and the lawsuit was assigned to a Biden-appointed judge.
Cook is suing President Trump, the Federal Reserve Board of Governors, and Fed Chairman Jerome Powell.
Abbe Lowell (Hunter Biden’s lawyer), and Deep State hack Norm Eisen are representing Lisa Cook.
President Trump on Monday evening fired Biden-appointed Federal Reserve Governor Lisa Cook amid mortgage fraud allegations.
“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” President Trump wrote in a letter to Lisa Cook.
“I have determined that there is sufficient cause to remove you from your position,” Trump added as he cited housing regulator Bill Pulte’s criminal referral on Lisa Cook for mortgage fraud – specifically occupancy fraud.
According to housing regulator Bill Pulte’s criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying 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, which she also claimed as her “primary residence.”
“We have obtained a document Lisa Cook submitted to the U.S. Government while serving as Federal Reserve Governor. In it, on February 28, 2023, she represents to the U.S. Government that the Atlanta Property is her PERSONAL RESIDENCE,” Pulte said.
“However, Lisa Cook, as a then-sitting Fed Governor and six months earlier, on September 1, 2022, appears to have listed that same property for RENT,” Pulte added.
Lisa Cook had two mortgage loans being underwritten at the same time which means the bank underwriter handling the out-of-state condo likely did not know about the other loan.
This is a classic tactic used by a borrower committing occupancy fraud to obtain more favorable loan terms.
Lisa Cook did not appear to refute the allegations of mortgage fraud, but she did argue that she is the first black woman to sit on the federal reserve’s board in its history.
“Governor Cook is the first Black woman to sit on the Federal Reserve’s Board in its 111-year history,” the lawyers wrote the complaint reviewed by The Gateway Pundit.
Lisa Cook also admitted that she manufactured documents and hinted a ‘clerical error’ is behind the mortgage fraud accusations.
“Even if the President had been more careful in obscuring his real justification for targeting Governor Cook, the President’s concocted basis for removal—the unsubstantiated and unproven allegation that Governor Cook “potentially” erred in filling out a mortgage form prior to her Senate confirmation—does not amount to “cause” within the meaning of the FRA and is unsupported by caselaw,” the complaint read.
She’s finally admitting the documents are authentic. She’s finally admitting originating the document. https://t.co/OGFcnpYLFS
— Pulte (@pulte) August 28, 2025
The post LISA IS COOKED: Embattled Federal Reserve Governor Lisa Cook Admits to Manufacturing Documents, Hints ‘Clerical Error’ Behind Mortgage Occupancy Fraud Dispute appeared first on The Gateway Pundit.