The director of the Federal Housing Finance Agency, a Trump Ally Calls on Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Trump Ally Calls on Bondi for this critical review.

FHFA Director Bill Pulte, a staunch ally of President Donald Trump, wrote a letter to Bondi and DOJ official Ed Martin on Aug. 15 suggesting that Cook may have committed a criminal offense. The letter, a copy of which was seen by Bloomberg News, alleges that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

In the context of these actions, it is important to understand why a Trump Ally Calls on Bondi to ensure that all legal standards are upheld during this investigation.

Trump’s administration has pursued mortgage fraud allegations against high-profile Democrats, including California Senator Adam Schiff and New York Attorney General Letitia James. Both are longtime political foes of Trump.

As the narrative unfolds, it becomes increasingly clear that the need for clarity is why a Trump Ally Calls on Bondi to address these serious allegations.

The Cook referral expands that effort to the Fed, as Trump allies — including Pulte — press the US central bank to lower rates and Federal Reserve Chair Jerome Powell to resign before his term as chair expires in May.

This is not just a matter of politics; it is essential that a Trump Ally Calls on Bondi to bring transparency to the process.

No charges have been filed and it’s not clear whether Bondi will investigate. The Justice Department declined comment. The Federal Reserve declined comment. Cook did not respond to requests for comment late Tuesday.

Pulte said Cook took a mortgage on a property in Ann Arbor, Michigan, signing a mortgage agreement that stipulated she would use the property as her primary residence for at least a year. Two weeks later, according to the letter, she took another mortgage on a Georgia property and also declared it would be her primary residence.

The implications of this situation are profound, which is why a Trump Ally Calls on Bondi to take decisive action.

Pulte also called on Bondi to look into whether Cook misrepresented her circumstances by later listing the Georgia property for rental. The letter includes copies of mortgage documents in Cook’s name, as well as an apparent rental listing from 2022, a little over a year after she bought the Georgia property.

Trump has put substantial pressure on Powell and the Fed to lower rates, tarnishing the chairman as “Too Late” in social media posts arguing the Fed should have started slashing rates months ago, while also heavily criticizing Powell and the Fed over its ongoing headquarters renovation project.

Market reactions will depend on the outcome, underscoring why a Trump Ally Calls on Bondi to conduct a thorough investigation.

The documents in the referral show that Cook took a $203,000, 15-year mortgage on a property in Ann Arbor, Michigan, in 2021. The document included a stipulation that she “shall occupy, establish and use the Property as Borrower’s principal residence within 60 days” and “for at least one year,” unless the lender, the University of Michigan Credit Union, agreed in writing. The document is dated June 18, 2021, and it’s not clear whether the lender agreed to or was aware of her subsequent purchase.

Then, on July 2, 2021, Cook took a separate, 30-year mortgage, for $540,000 on a property in Georgia, according to the referral. Her mortgage loan there, too, has an occupancy clause stating the borrower must make it a primary residence within 60 days and for at least one year.

In his letter to Bondi, Pulte alleges that Cook “appears to have acquired mortgages that do not meet certain lending requirements and could have received favorable loan terms under fraudulent circumstances.”

With the stakes this high, it’s evident that a Trump Ally Calls on Bondi to ensure justice is served.

Trump Ally Calls on Bondi for investigation

The public deserves answers, and that’s why a Trump Ally Calls on Bondi to address these critical issues.

Pulte cited four criminal statues for Bondi to investigate for potential charges.

Pulte also sent Bondi what appears to be a rental listing for the same Georgia unit, “indicating that the property was intended to be used as an investment/rental property, and not in fact a primary residence,” according to the letter.

Cook was nominated to the Fed by President Joe Biden, yet the unfolding events emphasize why a Trump Ally Calls on Bondi to ensure that all actions taken are scrutinized.

The surprise early resignation of former Fed Governor Adriana Kugler, another Biden pick, gives Trump an early opening to nominate someone to the central bank’s board and steer its monetary policy trajectory more toward his preferred path. He has named one of his economic aides, Stephen Miran, to fill the slot on an interim basis.

With assistance from Amara Omeokwe.

This article was generated from an automated news agency feed without modifications to text.