Bill Pulte, who runs the Federal Housing Finance Agency under President Donald Trump, confirmed Thursday that he filed a criminal referral against Federal Reserve Governor Lisa Cook for alleged mortgage fraud.

Trump on Wednesday called for economist Lisa Cook to resign from the Fed Board of Governors over allegations of mortgage fraud.

Philadelphia Fed researchers in a 2023 report assessed the number of “fraudulent investors” in the mortgage market, which they defined as those who had more than one owner-occupied home purchase loan within four quarters after the first one was originated.

President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.

President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing an allegation of potential mortgage fraud.

The big picture: Top housing regulator Bill Pulte is accusing Fed governor Lisa Cook of mortgage fraud. President Trump is considering firing her for cause, per The Wall Street Journal, and called for her resignation on Truth Social.