Romaine Bostick

When you say you're referring, you're talking about just rank and file people going through your own agency documents.

Is that a routine process or is this something that has been very specifically started over the last few weeks or months?

about that referral letter.

And, you know, Bill, you've seen the pushback on this, and we should kind of point out here that part of the concern right now isn't so much whether she or anyone else out there committed fraud, but I think a lot of people would like to know whether there is more of a coordinated effort.

Okay.

And we are in agreement for that.

But what we are doing here is we are actually focusing on both issues, both the potential for fraud, and we are digging deeper into that.

And we should point out that Bloomberg has made concerted efforts to reach out to Lisa Cook and her representatives, to the Fed, as well as to folks in the White House and administration beyond you.

At the same time, Bill, we also have raised concern about whether this might be a weaponization of your office, a weaponization of the White House.

And I am curious if there has been direct

I don't know, guidance from the White House to pursue this?

Well, I mean, to that point here, I mean, there's been a lot of talk about a report that the Philadelphia Fed put out, I think, back in 2023, specifically on this issue of owner occupancy fraud, basically the idea of putting on a mortgage application that you're going to use something at your primary residence and get to get a lower mortgage rate.

What is that?

which seems to be at the heart of the documents that you posted with regards to Lisa Cook.

It was a pretty high number, something like a third.

And in that report, they specifically used the phrase that this type of practice is, quote, broad-based across the U.S.

Now, that's back in 2023.

I am curious as to what measures the authorities, whether your agency or other agencies, can take to actually reduce that trend of owner-occupancy discrepancies.

Yeah.

How many referrals have you made for some sort of criminal investigation?