U.S. Housing Finance Agency Probes Federal Reserve Governor's Property

The U.S. Housing Finance Agency is conducting an investigation into properties owned by Federal Reserve Governor Lisa Cook, according to Director Bill Pulte. The probe, which includes properties in Michigan and Georgia, has expanded to examine property in Massachusetts as well.

Director Pulte mentioned the inquiry on CNBC, specifying that while they are investigating potential issues with a Massachusetts property owned by Cook, no concrete information has surfaced at this time. The investigation primarily focuses on allegations concerning the mortgages associated with Cook's properties.

This investigation highlights the agency's commitment to examining any possible irregularities in mortgage practices involving high-profile figures, ensuring transparency and accountability within the housing finance sector.

(With inputs from agencies.)