Sen. Adam Schiff (D-CA) is preparing for a legal war with President Donald Trump after the president accused him of mortgage fraud. Schiff has created a legal defense fund as the Justice Department investigates the allegations.

On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud. Neither Bondi nor the Justice Department has announced if they plan to open a criminal investigation into Cook.

President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the ...

Bill Pulte, the leader of the Federal Housing Finance Agency, alleged on social media Wednesday morning that Cook submitted what he called fraudulent information on a pair of mortgage applications.