President Trump\u00a0called Wednesday for the resignation of Federal Reserve board of governors member\u00a0Lisa Cook\u00a0following allegations by the head of the Federal Housing Finance Agency (FHFA) that she committed mortgage fraud.<\/p>\n\n\n\n
FHFA Director William Pulte wrote Wednesday morning on X that Cook had designated two of her houses as her primary residences.<\/p>\n\n\n\n
\n\u201cLisa D. Cook, committed mortgage fraud by designating her out-of-state condo as her primary residence, just two weeks after taking a loan on her Michigan home where she also declared it as her primary residence,\u201d he said.<\/p>\n<\/blockquote>\n\n\n\n
Trump called for Cook to step down shortly thereafter.<\/p>\n\n\n\n
\n\u201cCook must resign, now!!!\u201d he wrote on his own social media website, Truth Social.<\/p>\n<\/blockquote>\n\n\n\n
Pulte said his agency sent a criminal referral to the Department of Justice (DOJ) regarding the allegations against Cook.<\/p>\n\n\n\n
\u201cI believe the DOJ will open a criminal investigation into her alleged mortgage fraud,\u201d he said.<\/p>\n\n\n\n
Trump accused Fed Chair\u00a0Jerome Powell\u00a0of fraud earlier this summer over an ongoing renovation project at Fed headquarters in Washington.<\/p>\n\n\n\n
Following a report in July that Trump had discussed attempting to fire Powell with congressional Republicans, he later said it was \u201chighly unlikely\u201d that he would do so after the stock market dipped on his initial comments, \u201cunless he has to leave for fraud.\u201d<\/p>\n\n\n\n