Lisa Cook's Documents Dismantle Mortgage Fraud Allegations [View all]

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