Bill Pulte, Director of the Federal Housing Finance Agency, has initiated an investigation into Federal Reserve Board member Lisa Cook regarding alleged mortgage fraud. Pulte’s letter to Attorney General details accusations that Cook may have falsified bank documents and property records to secure more favorable loan terms. He cited relevant criminal statutes as justification for the inquiry. U.S. President Donald Trump publicly called for Cook’s immediate resignation following these allegations. Currently serving a term that will conclude in 2038, Cook was nominated by President Biden to the Federal Reserve. Neither the Federal Reserve nor the Department of Justice have offered public statements on this matter.