Feds charge Trump nemesis Letitia James with bank fraud
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
by Matt Carter Oct 9
Fannie, Freddie close NY offices as Trump battles Letitia James
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say
by Matt Carter Oct 6
real estate agent crime
This week on the Download: A rash of incidents has put agent behavior under the spotlight. Is the industry facing a professionalism crisis — or just a few bad apples and a perception problem?
by Christy Murdock Oct 6
An old brick house underneath the stars
While Monique Hill and her husband were undergoing foreclosure proceedings, former agent Oscar Dais created, signed and notarized a fake deed in Hill's maiden name without her knowledge
by Lillian Dickerson Sep 26
Trump asks Supreme Court to remove Fed Governor Lisa Cook
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
by Matt Carter Sep 18
President Trump and Fed Governor Lisa Cook in front of a photo of the Federal Reserve Bank
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction
by Matt Carter Sep 10
U.S. Pardon Attorney Ed Martin, who is heading up the Trump administration's investigations of alleged mortgage fraud by political opponents, at a May 13 press conference.
Cook's attorneys say she did not commit mortgage fraud and is being targeted by the Trump administration to undermine the Federal Reserve's independence
by Matt Carter Sep 4
Federal Reserve Governor Lisa Cook speaks with Fed Chair Jerome Powell at a June 25, 2025 open meeting at the Federal Reserve Board building in Washington, D.C.
Hundreds of economists say Trump's move to fire Cook 'threatens the fundamental principle of central bank independence and undermines trust in one of America’s most important institutions'
by Matt Carter Sep 2
President Trump and Fed Governor Lisa Cook in front of a photo of the Federal Reserve Bank
A judge gave attorneys for the Fed governor until Sept. 2 to bolster their argument that she should keep her job, as Bill Pulte leveled new allegations of misrepresentation on a third property
by Matt Carter Aug 29
Trump says he has ousted Fed governor, defying precedent
Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said she would continue serving on the board
screengrab of Bill Pulte on mortgage fraud
'Wall Street Journal' editorial calls Pulte's criminal referral of Federal Reserve governor 'an ominous turn in political lawfare' and warns that 'weaponizing' Fannie and Freddie's federal regulator 'won’t build confidence in America’s institutions or markets'
by Matt Carter Aug 22
Image of federal building to symbolize Trump tells Cook to resign
The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries
by Marian McPherson Aug 20
Elizabeth Warren calls Pulte out for social media attacks on Powell
114 posts in July alone raise 'significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,' Senator scolds regulator
by Matt Carter Jul 21
Backers of rival mortgage credit scores wage public relations war
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
by Matt Carter Jul 17
Trump adminstration accuses another political opponent of mortgage fraud: Adam Schiff
Like New York AG Letitia James, senator denies lying on mortgage applications and decries 'baseless attempt at political retribution' that won’t stop him from holding Trump accountable
by Matt Carter Jul 15