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Mortgage Fraud

Memo reportedly undercuts mortgage fraud allegations against Letitia James

Department of Justice, Donald Trump, HWmember, Lawsuit, Legal, Mortgage, Mortgage Fraud, New York /

Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources. According to a September memo summarizing the findings, any financial benefit James may have received would have been minimal — roughly $800 […]

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New York AG Letitia James indicted on mortgage fraud charge

Associated Press, Bill Pulte, Department of Justice, Donald Trump, HWmember, Legal, Mortgage, Mortgage Fraud, Politics /

A federal grand jury indicted Letitia James, the New York attorney general, for bank fraud on Thursday, a person familiar with the matter told The Associated Press. The source, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter, told the outlet that James was indicted in the

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Letitia James mortgage fraud probe is moving ahead at DOJ

Enforcement, Mortgage Fraud, Politics and policy /

The U.S. Justice Department is pushing ahead with its investigation of New York Attorney General Letitia James over mortgage fraud allegations after President Donald Trump demanded the case move forward, according to people familiar with the matter.  The case is still being pursued through the U.S. attorney’s office for the Eastern District of Virginia in

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Court rules against Trump, allowing Fed Governor Lisa Cook to vote on rate cuts

Bill Pulte, Federal Reserve, HWmember, Mortgage, Mortgage Fraud, Politics, Regulatory, Trump administration /

A federal appeals court on Monday evening denied a last-minute attempt by President Trump to block Federal Reserve Governor Lisa Cook from participating in the Federal Open Market Committee (FOMC) meeting this week. The U.S. Court of Appeals for the District of Columbia Circuit‘s decision upheld federal Judge Jia Cobb’s order last week that blocked

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Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims

Bill Pulte, Federal Reserve, HWmember, Jerome Powell, Mortgage, Mortgage Fraud, Politics, Regulatory /

Mortgage documents have been at the center of an effort by President Donald Trump to fire Fed Governor Lisa Cook over alleged mortgage fraud, but a loan estimate from 2021, first seen and reported by Reuters on Friday, seems to undermine those allegations. The loan estimate for an Atlanta condo Cook bought in 2021 shows

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Federal judge blocks Trump’s attempt to fire Lisa Cook

Department of Justice, Federal Reserve, HWmember, Legal, Mortgage, Mortgage Fraud, Politics, Trump administration /

A federal judge blocked President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook, granting Cook’s request for a preliminary injunction on Tuesday evening. In her ruling, Judge Jia Cobb said that Trump’s reasons for removing Cook did not meet the standard for sufficient cause, noting the alleged conduct occurred before her tenure as

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Lisa Cook files suit against Trump, Powell and Fed Board of Governors

Donald Trump, Federal Reserve, HWmember, Legal, Mortgage, Mortgage Fraud, Politics, Trump administration /

Federal Reserve Governor Lisa Cook filed suit against President Trump in a federal court in Washington, D.C. on Thursday. The lawsuit follows Trump’s announcement on Monday that he was attempting to fire Cook over allegations she committed occupancy fraud by designating two different properties as her primary residence in 2021. Fed Chair Jerome Powell and

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Fed’s Lisa Cook to sue Trump over attempted firing

Donald Trump, Federal Reserve, HWmember, LendingLife, Mortgage, Mortgage Fraud, Politics, Regulatory, Trump administration /

Federal Reserve Governor Lisa Cook plans to sue President Donald Trump after he attempted to fire her on Monday, citing allegations of mortgage fraud. The case has renewed concerns over the Fed’s independence and added fresh volatility to financial markets. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to

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Fed found over 22,000 mortgages like those Pulte is now flagging

Federal Reserve, Mortgage Fraud /

President Donald Trump and his allies are demanding Federal Reserve Governor Lisa Cook resign over alleged owner-occupancy fraud — a practice the central bank itself has found to be “broad-based” across the US. Philadelphia Fed researchers in a 2023 report assessed the number of “fraudulent investors” in the mortgage market, which they defined as those who had

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Trump calls on Fed’s Cook to quit over mortgage probe

Federal Reserve, FHFA, Law and legal issues, Mortgage Fraud /

President Trump is demanding the resignation of Federal Reserve Governor Lisa Cook after his housing chief accused her of lying on mortgage applications. The allegations, if true, could force a shake-up at the central bank and hand Trump another appointment. “Cook must resign, now!!!” Trump wrote in a Truth Social post Wednesday, including a link

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