Overview

• FHFA Director Bill Pulte sent a new criminal referral to Attorney General Pam Bondi alleging Cook misrepresented a Cambridge, Massachusetts condominium as a second home on a 2021 mortgage while later listing it as an investment property on ethics disclosures.
• The referral follows earlier allegations that Cook claimed both a Michigan home and an Atlanta condo as her primary residence on mortgages signed weeks apart in 2021.
• President Trump moved to remove Cook citing the initial referral, and Cook filed a federal lawsuit asserting the Federal Reserve Act requires cause and due process for removal.
• U.S. District Judge Jia Cobb scheduled a Friday 10 a.m. EDT hearing on Cook’s request for a temporary restraining order to keep her on the Fed board during the dispute.
• Cook’s attorneys have suggested any discrepancies may stem from a clerical error, while reporting indicates the Justice Department has signaled plans to investigate the earlier referral.