Lawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against her “baseless” on Monday and accused the administration of “cherry-picking” discrepancies to bolster their claims.
After accusing Cook of misrepresenting multiple residences as her primary residence to get a better mortgage rate, Donald Trump briefly fired Cook from her role as a Fed governor and as one of 12 voting members of the Federal Reserve board that sets interest rates. The supreme court reinstated her and will in January hear arguments over Cook’s removal.
In the letter, addressed to Pam Bondi, the US attorney general, and Edward Martin, the deputy attorney general, Abbe Lowell, Cook’s lawyer, outlined for the first time Cook’s detailed defense against the accusations. Lowell said that the dispute involves three of Cook’s properties: a home in Ann Arbor, Michigan, a condo in Atlanta, Georgia, and a home in Cambridge, Massachusetts.
Lowell said Cook’s primary residence is in Ann Arbor, where she has been a professor at Michigan State University since 2005. While she has been on unpaid leave from the position as she serves on the Fed board, she intends to return to Ann Arbor once her post ends, the letter said.
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