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What Is the Mortgage Fraud Lisa Cook Is Accused Of?

On Aug. 25, President Donald Trump moved to fire Federal Reserve Governor Lisa Cook following a claim by a top administration official that she may have engaged in so-called mortgage occupancy fraud by falsely labeling a secondary home as her primary residence to get better loan terms.

On Aug. 25, President Donald Trump moved to fire Federal Reserve Governor Lisa Cook following a claim by a top administration official that she may have engaged in so-called mortgage occupancy fraud by falsely labeling a secondary home as her primary… [315 chars]

Source: Bloomberg | Published: 2025-09-18T14:14:48Z

Credit: Bloomberg

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