A dispute over mortgage documents has become a fight over who gets to control the Federal Reserve. For homebuyers, the consequences could reach beyond one official’s employment. President Donald Trump has established a committee to investigate allegations that Fed Governor Lisa Cook made false statements in mortgage paperwork. An October 7 memorandum schedules a November 5 hearing at the White House and directs the committee to recommend whether grounds exist to remove her. The allegations remain contested. Cook denies wrongdoing.…
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A Mortgage Paperwork Fight Could Cost a Fed Governor Her Seat. Your Borrowing Costs Are Part of the Stakes.
A dispute over mortgage documents has become a fight over who gets to control the Federal Reserve. For homebuyers, the consequences could reach beyond one official’s employment.
