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DOJ Opens Grand Jury Criminal Investigation Fed Governor Lisa Cook Over Mortgage Fraud Allegations The Department of Justice has opened a criminal investigation into Federal Reserve governor Lisa Cook - and has issued multiple subpoenas as part of the inquiry into whether she committed mortgage fraud, according to the Wall Street Journal, citing 'officials familiar with the matter.' (Drew Angerer/Getty Images) The probe - for which a grand jury has been assembled, will begin by looking at Cook's properties in Ann Arbor, Michigan and Atlanta. It comes on the heels of two criminal investigations from Federal Housing Finance Agency director Bill Pulte, who has been dropping receipts for weeks with evidence that Cook committed fraud - including claiming two properties as her "primary residence" - as well as claiming that a rented out third property was her 'second home' - all things that would qualify her for better rates and tax treatment.  Pulte accused Cook of misleadin...

Federal Housing Finance Agency Director Bill Pulte joins 'Squawk Box' to discuss the mortgage fraud allegations against Fed Governor Lisa Cook, why he decided to postpone today's press conference on Lisa Cook, where he received the original tip on Cook, his thoughts on Fed Chair Jay Powell, and more....

Federal Housing Finance Agency Director Bill Pulte joins 'Squawk Box' to discuss the mortgage fraud allegations against Fed Governor Lisa Cook, why he decided to postpone today's press conference on Lisa Cook, where he received the original tip on Cook, his thoughts on Fed Chair Jay Powell, and more....

"I'm not going to explain our sources and methods, where we get tips from, who are whistleblowers," Pulte said on CNBC's "Squawk Box."...

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ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable October 2, 2025, to shareholders of record at the close of business on September 16, 2025. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup's purpose is building incredible places where people can live their dreams. For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; jwhomes.com; and americanwesthomes.com. Follow ...

Trump DOJ Files Blistering Response To Lisa Cook Lawsuit The Justice Department has filed a response to Federal Reserve Governor Lisa Cook's lawsuit over her Monday firing - claiming that the President has "broad discretion to remove a Governor for "cause" over allegations of mortgage fraud (with a third property disclosed by Federal Housing Finance Agency (FHFA) Director Bill Pulte last night), and that Cook is "highly unlikely to prevail on the merits."  The Federal Reserve Act (FRA) empowers the President of the United States to appoint (by and with the advice and consent of the Senate) the members of the Board of Governors of the Federal Reserve System. 12 U.S.C. § 241. Those Governors serve for fixed terms, “unless sooner removed for cause by the President.” Id. § 242. The statute thus expressly contemplates that, even setting aside his Article II authority over principal officers, the President retains broad discretion to remove a Governor for “cause...

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)...

President Donald Trump is seeking to fire Fed Governor Lisa Cook from the board of the central bank....

Fannie Mae and Freddie Mac, the giant companies he regulates, apparently can't track mortgage fraud....

"We Haven't Heard Her Say She Didn't Do It": Bessent Burns Cook Over Mortgage Fraud Fiasco On Monday, President Trump fired Federal Reserve Governor Lisa Cook - after Federal Housing Finance Agency Director Bill Pulte asked the DOJ to investigate her for suspected mortgage fraud. Pulte has been dropping receipts for over a week showing that Cook claimed two properties as her 'primary' residence - allowing her to benefit by double-dipping on tax and mortgage advantages.  Cook, an 'autopen-appointed' (we assume) DEI hire who was overwhelmingly unqualified for the job, and 'wholeheartedly' supported the Fed's decision to help former President Biden by dropping interest rates in the home stretch of the 2024 election (with inflation soaring), has yet to actually deny the allegations - which Treasury Secretary Scott Bessent pointed out today during an appearance on Fox Business.  "She keeps saying Trump doesn't have the authority to fire her, but we haven't heard he...

Bill Pulte, the country's top housing regulator, has been using his position to target President Trump's political enemies...

Bill Pulte, the country's top housing regulator, has been using his position to target President Trump's political enemies...

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its third quarter 2025 financial results before the market opens on Tuesday, October 21, 2025. The Company will hold a conference call to discuss its third quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor tab. For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conference call will be available on the PulteGroup website. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, De...

Trump accused of 'cobbling together' mortgage fraud allegations against Lisa Cook as top Democrats react furiously The Trump administration's attack on Lisa Cook's future at the Fed was led by Bill Pulte, a Trump-appointed official leading the US Federal Housing Finance Agency, who alleged she had claimed two different properties were her primary residences when obtaining mortgages in 2021.“How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?” Pulte wrote on X, formerly Twitter. He referred the case to the Department of Justice for investigation.Their latest target is Dr Lisa Cook, a highly qualified, trailblazing economist, and the first Black woman to serve on the Federal Reserve's Board of Governors since Congress created it in 1913.Let me be very clear, the allegations against Dr Cook have been cobbled together as a pretext to try to replace her with someone who will be loyal first to Trump instead of the US Constitution or US law.I will ...

Trump 'Will Fire Cook' If She Doesn't Resign After Pulte Drops New Receipts Update: President Trump just told reporters in Washington DC that he'll fire Cook if she doesn't resign.  Developing... *  *  * Days after Federal Housing Finance Agency (FHFA) Director Bill Pulte wrote a letter to Attorney General Pam Bondi claiming Federal Reserve Governor Lisa Cook "falsified bank documents and property records to acquire more favorable loan terms" by claiming two homes as her primary residence, Pulte dropped new evidence on Friday suggesting that Cook lied again on a government form.  "We have obtained a document Lisa Cook submitted to the U.S. Government while serving as Federal Reserve Governor. In it, on February 28, 2023, she represents to the U.S. Government that the Atlanta Property is her PERSONAL RESIDENCE," Pulte wrote on X. "However, Lisa Cook, as a then-sitting Fed Governor and six months earlier, on September 1, 2022, appears to have listed that sam...

According to the average brokerage recommendation (ABR), one should invest in PulteGroup (PHM). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?...

The president endorsed the FHFA chief's call for a probe into Fed Governor Lisa Cook over alleged mortgage fraud...

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are RBC Capital Markets' Amy Wu Silverman, FHFA's Bill Pulte, Goldman Sachs' Robert Kaplan, Northern Trust's Anwiti Bahuguna, Tabor asset management's Laura Champine, Cleo Capital's Sarah Kunst, BNY Investments' Vincent Reinhart, Inflation Insights' Omair Sharif. (Source: Bloomberg)...