Overview

• Prosecutors have issued grand jury subpoenas in Georgia and Michigan, with Special Assistant U.S. Attorney Ed Martin and the local U.S. attorneys’ offices involved in the case.
• Cook denies committing mortgage fraud, says the mortgages were disclosed during 2022 vetting, and is suing to block President Trump’s attempt to remove her for cause.
• A federal judge is considering Cook’s request to remain in her post while the case proceeds, with the next Federal Reserve policy meeting scheduled for September 16.
• The allegations center on occupancy claims tied to loans for properties in Ann Arbor and Atlanta, with additional scrutiny of a Cambridge, Massachusetts condominium listed as a second home.
• No criminal charges have been filed, and FHFA Director Bill Pulte postponed a planned Thursday press briefing, citing respect for the process.