Fed's Cook Contests 'Baseless' Mortgage Fraud Claims to DOJ

(Bloomberg) -- Federal Reserve Governor Lisa Cook offered a detailed rebuttal to mortgage fraud allegations made by President Donald Trump and other US officials, arguing in a letter to Attorney General Pam Bondi that the claims “fail on even the most cursory look at the facts.”

Cook’s attorney Abbe Lowell sent a letter on Monday to Bondi and Ed Martin, a senior Justice Department official tapped as a “special attorney” to investigate mortgage fraud, as she presses a legal fight to keep her job. The US Supreme Court is set to hear arguments on Jan. 21 on Cook’s challenge to Trump’s move to fire her.

Lowell wrote that criminal referrals by a senior administration official were “baseless.” Cook has not been charged to date.

“The full record makes clear that what he claims to be contradictions in loan applications were not contradictions at all but were cherry-picked, incomplete snippets of the full documents submitted at the time and in subsequent filings by Governor Cook consistent with her applications,” Lowell wrote.

https://finance.yahoo.com/news/fed-cook-contests-baseless-mortgage-204312384.html