\t\t\t\t\t\t\t\t\t\t\t\tby Jeroslyn JoVonn <\/p>\n
September 6, 2025<\/p>\n
Fed governor Lisa Cook is fighting to keep her job while battling DOJ and Trump-era mortgage fraud allegations.<\/p>\n
Just days after Federal Reserve governor Lisa Cook revealed plans to sue over Donald Trump\u2019s order for her removal, the Justice Department has opened an investigation into alleged mortgage fraud tied to her.<\/p>\n
On Sept. 4, an anonymous source disclosed <\/a>information on the subpoenas investigators issued in a probe into Cook, following a criminal referral from the nation\u2019s top housing regulator, AP <\/em>reports. The inquiry comes amid Cook\u2019s legal battle over Trump\u2019s move to oust her last month, an action she argues is his attempt to exert political control over the traditionally independent central bank that sets interest rate policy.<\/p>\n \u201cPredictably and recognizing the flaws in challenging their illegal firing of Governor Cook, the administration is scrambling to invent new justifications for its overreach,\u201d Cook\u2019s lawyer, Abbe David Lowell, said in a statement. \u201cThis Justice Department \u2014 perhaps the most politicized in American history \u2014 will do whatever President Trump demands.\u201d<\/p>\n Appointed by President Joe Biden, Cook made <\/a>history in 2023 as the first Black woman to serve on the Federal Reserve\u2019s board of governors, with a term lasting until 2038. The probe into her stems from allegations made by Trump appointee Bill Pulte, who accused Cook of committing mortgage fraud tied to two properties she bought in 2021, prior to her Fed appointment. Pulte alleges that Cook claimed both an Ann Arbor, Michigan, home and an Atlanta, Georgia, home as primary residences to secure more favorable loan terms, since second homes or rental properties typically face higher mortgage rates.<\/p>\n The inquiry is being led by Ed Martin, head of the Justice Department\u2019s Weaponization Working Group, in coordination with U.S. Attorney offices. Martin is also overseeing mortgage fraud probes into two of Trump\u2019s Democratic critics, Sen. Adam Schiff of California and New York Attorney General Letitia James, both of whom deny wrongdoing. <\/p>\n Meanwhile, Pulte has avoided questions about whether he\u2019s applying the same scrutiny to Trump ally Ken Paxton, the Texas attorney general and Senate candidate, who took out mortgages on three properties, all listed as his primary residence.<\/p>\n The day the probe was announced, the Justice Department asked a Washington federal judge to permit Cook\u2019s immediate removal, rejecting her claim that Trump is trying to seize control of the Federal Reserve as \u201cbaseless.\u201d Cook\u2019s attorneys countered that her firing was unlawful, noting that Fed governors can only be dismissed \u201cfor cause,\u201d typically defined as inefficiency, neglect of duty, or misconduct while in office. They argued she was denied a hearing and a chance to respond, and maintain that she never engaged in mortgage fraud. <\/p>\n Economists, meanwhile, warn that allowing the White House to exert control over the Federal Reserve could politicize interest rate decisions, potentially keeping borrowing costs lower to suit Trump\u2019s agenda. The case could mark a pivotal moment for the Fed\u2019s 112-year history, which was built on independence from political pressure to safeguard its ability to make tough economic calls, such as raising rates to curb inflation.<\/p>\n RELATED CONTENT: <\/strong>Rep. Ro Khanna Advises Lisa Cook To Release Mortgage Documents Amid Attacks From Trump Administration\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" by Jeroslyn JoVonn September 6, 2025 Fed governor Lisa Cook is fighting to keep her job while battling DOJ and Trump-era mortgage fraud allegations. Just days after Federal Reserve governor Lisa Cook revealed plans to sue over Donald Trump\u2019s order for her removal, the Justice Department has opened an investigation into alleged mortgage fraud tied […]<\/p>\n","protected":false},"author":1,"featured_media":28522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg","fifu_image_alt":"","footnotes":""},"categories":[10666],"tags":[3746,892,12083,12593,2106,18779,3044,6093,13137,1962],"class_list":["post-28521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reparations","tag-cook","tag-department","tag-donald-trump","tag-federal-reserve","tag-justice","tag-justice-department","tag-launches","tag-lisa","tag-lisa-cook","tag-probes"],"rttpg_featured_image_url":{"full":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",0,0,false],"landscape":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",0,0,false],"portraits":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",0,0,false],"thumbnail":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",150,150,false],"medium":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",300,300,false],"large":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",1024,1024,false],"1536x1536":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",1536,1536,false],"2048x2048":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",2048,2048,false],"post-thumbnail":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",370,265,false],"kava-thumb-s":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",230,230,false],"kava-thumb-m":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",570,450,false],"kava-thumb-l":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",600,999,false],"kava-thumb-justify":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/blackenterprise-prod.b-cdn.net\/wp-content\/blogs.dir\/1\/files\/2025\/08\/1024px-NZ78649_52094539833.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"REPARATIONS NEWS<\/a>","rttpg_excerpt":"by Jeroslyn JoVonn September 6, 2025 Fed governor Lisa Cook is fighting to keep her job while battling DOJ and Trump-era mortgage fraud allegations. Just days after Federal Reserve governor Lisa Cook revealed plans to sue over Donald Trump\u2019s order for her removal, the Justice Department has opened an investigation into alleged mortgage fraud tied…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/28521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=28521"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/28521\/revisions"}],"predecessor-version":[{"id":28523,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/28521\/revisions\/28523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/28522"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=28521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=28521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=28521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}