What Is the Mortgage Fraud Lisa Cook Is Accused Of?

The news article discusses an allegation made against Federal Reserve Governor Lisa Cook, regarding potential mortgage fraud. According to the report, a top administration official has claimed that Cook may have falsely labeled a secondary home as her primary residence to obtain better loan terms, a practice known as "mortgage occupancy fraud." While Cook has not been charged with any crimes, the allegation has brought attention to this type of financial misconduct, which experts describe as relatively common. The article notes that President Donald Trump has called for Cook to resign in response to the claim. The article does not provide any further details or evidence regarding the alleged misconduct, and it emphasizes that Cook has not been formally charged. The article aims to summarize the key facts and the potential implications of the allegation, without making any definitive conclusions about Cook's involvement.