Overview

• Reports from the Wall Street Journal and Reuters say prosecutors have issued grand jury subpoenas tied to Cook’s properties in Ann Arbor, Michigan, and Atlanta, Georgia.
• FHFA Director Bill Pulte’s referrals allege Cook claimed multiple primary residences on 2021 mortgage applications, with additional questions about a Massachusetts condo labeled as a second home.
• Ed Martin is overseeing the case as a special assistant U.S. attorney, working alongside the U.S. attorneys’ offices in the Northern District of Georgia and the Eastern District of Michigan.
• Cook denies any fraud and is challenging President Trump’s attempt to remove her for cause; expedited proceedings are underway, and no criminal charges have been filed.
• The dispute carries major policy stakes for the Federal Reserve’s board composition, and Martin is also directing similar mortgage-fraud probes involving Adam Schiff and Letitia James.