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bigtree

(92,464 posts) Fri Sep 12, 2025, 09:24 PM 21 hrs ago

Lisa Cook's Documents Dismantle Mortgage Fraud Allegations

New documents obtained by Reuters reveal that Federal Reserve Governor Lisa D. Cook declared her Atlanta property as a vacation home in 2021, undermining allegations of mortgage fraud that prompted President Donald Trump's attempt to dismiss her.

The claims, pushed by FHFA Director Bill Pulte, accused Cook of misrepresenting residences for loans, but experts confirm the documents contradict this narrative. As Cook fights her removal in court, the Justice Department probes without charges... X

WaPo: Federal Reserve governor Lisa Cook described an Atlanta property now under intense scrutiny from the Trump administration as a vacation home or a second home in multiple documents in 2021, records show.

In a loan estimate for Cook’s Atlanta condo prepared by her lender, the home’s “property use” is described as “vacation home,” according to the document dated May 2021 and obtained by The Washington Post. And in a December 2021 form submitted to the Biden administration for her nomination to the central bank, Cook listed the Atlanta property as a second home under a question about vacation homes and other “additional” properties.

The documents, first reported by Reuters on Friday evening, appear to indicate that at least at some point before Cook closed on the loan, her lender understood the condo was not her primary residence.

https://www.msn.com/en-us/money/markets/fed-governor-lisa-cook-called-condo-a-second-home-documents-show/ar-AA1MsfUz

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Lisa Cook's Documents Dismantle Mortgage Fraud Allegations (Original Post) bigtree 21 hrs ago OP

Keep front and center: Pulte family mortgage fraud cbabe 21 hrs ago #1

not enough exposure for this bigtree 8 hrs ago #2

cbabe

(5,531 posts)

1. Keep front and center: Pulte family mortgage fraud

Reply to bigtree (Original post)

Fri Sep 12, 2025, 09:35 PM

21 hrs ago

https://www.cnbc.com/2025/09/05/bill-pulte-accused-fed-governor-lisa-cook-of-fraud-his-relatives-filed-housing-claims-similar-to-hers-reuters.html

Bill Pulte accused Fed Governor Lisa Cook of fraud. His relatives filed housing claims similar to hers: Reuters
PUBLISHED FRI, SEP 5 20257:58 PM EDT
Reuters

Close relatives of the federal official who has accused a Federal Reserve governor of improperly claiming primary residence on two properties have declared the same status on two homes in two different states, public records show.

Mark and Julie Pulte, the father and stepmother of Bill Pulte, President Donald Trump’s appointee as director of the Federal Housing Finance Agency, since 2020 have claimed so-called “homestead exemptions” for residences in wealthy neighborhoods in both Michigan and Florida, according to the records. The exemption is meant to give a discount to homeowners on taxes for properties they use as their primary residence.

Local tax officials in both states told Reuters that claiming more than one home as a primary residence isn’t generally allowed in their jurisdictions and could be punishable by fines or back taxes. After Reuters contacted tax officials in Bloomfield Township, Michigan, to inquire about the dual claims, Darrin Kraatz, director of assessing, on Thursday said the township “as of today” would revoke the exemption on the Pultes’ residence there.

According to public real estate records, and a resident at the Michigan house on Thursday evening, the home was rented out by the Pultes this year, a move that also violates rules for the exemption. “Revised tax bills will be issued to the Pultes, including all applicable penalty and interest,” Kraatz said by email. He didn’t respond to a follow-up question about the value of any payment now due and Reuters couldn’t determine a precise figure for previous tax payments they have made.

… more …

(We’re back to every accusation is a confession.)

bigtree

(92,464 posts)

2. not enough exposure for this

Reply to bigtree (Original post)

Sat Sep 13, 2025, 10:39 AM

8 hrs ago

...defend those under attack by this administration or risk losing the independence of these agencies that are not under Trump's thumb.

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