Pulte Says Cook Allegation Part of Wide Mortgage-Fraud Crackdown
The article reports that Federal Housing Finance Agency Director Bill Pulte suggested that his referral of Federal Reserve Governor Lisa Cook for alleged mortgage fraud was part of a wider crackdown on the issue. Pulte did not provide details on the specific allegations against Cook, but emphasized that the FHFA is taking a firm stance on mortgage fraud across the board. The article notes that this development comes amid ongoing concerns about potential fraud and misconduct in the mortgage industry. While the details are still emerging, Pulte's comments indicate that the FHFA is intensifying its efforts to identify and address mortgage-related fraud and irregularities, with the case involving Cook being one component of this broader enforcement initiative.
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