Lisa D. Cook’s lawyer hits back at President Trump’s mortgage fraud allegations

Federal Reserve Governor Lisa Cook’s attorney Abbe Lowell told the White House in a Wednesday letter that she has never committed mortgage fraud or intentional wrongdoing and that there is no legally cognizable cause to remove her, rejecting allegations advanced by Federal Housing Finance Agency head Bill Pulte and renewed by President Donald Trump. The letter to White House counsel David Warrington answers an August 5 notice from deputy chief of staff Dan Scavino that set an August 26 deadline for Cook to respond to claims she classified both an Ann Arbor, Michigan, home and an Atlanta condominium as primary residences and listed the Atlanta property for rent without disclosing rental income. Lowell called any “primary” designation an inadvertent lender-form oversight, said Cook regularly identified Michigan as her primary residence and the Atlanta unit as a second home, noted she briefly listed the condo but did not rent it, and stressed neither the White House nor Pulte claimed she received a preferential rate. Cook, a Biden appointee confirmed after the purchases, previously sued over an earlier removal attempt; the Supreme Court in a June 5-4 ruling let her keep serving and required notice and a chance to respond before termination. Her lawyers, including Norm Eisen, say they will return to court over any illegal firing and argue similar primary-residence issues involving Trump and cabinet members, including Treasury Secretary Scott Bessent and Attorney General Todd Blanche, make selective enforcement corrosive of the Fed independence Congress sought to preserve. The fight sits amid broader pressure on the central bank, including a now-ended criminal probe related to former Chair Jerome Powell and headquarters renovations that prosecutors dropped after it complicated confirmation of Trump’s choice to succeed him, Kevin Warsh, who took over as Fed chair in May.

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