The charges against Lisa Cook, Fed Governor charged with lying on a mortgage application for a second home, turn out to be untrue according to documents seen by Reuters:
WASHINGTON, Sept 12 (Reuters) - A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters.The document, dated May 28, 2021, was issued to Cook by her credit union in the weeks before she completed the purchase and shows that she had told the lender that the Atlanta property wouldn’t be her primary residence. The document appears to counter other documentation that Cook’s critics have cited in support of their claims that she committed mortgage fraud by reporting two different homes as her primary residence, two independent real-estate experts said.
Bill Pulte made the accusation, followed by legions of administration officials, but Cook said she would not resign (under pressure.) It looks as though Mr. Pulte owes a big apology - and it would be nice if the other officials who piled on would do the same. Faint hope, I know.
Administration officials led by Bill Pulte, director of the Federal Housing Finance Agency, have used mortgage documents from her Atlanta and Michigan properties to accuse Cook of claiming both as her “primary residence.” The allegedly false claims of residence, which could improve mortgage and tax implications for a homeowner, led Pulte to refer the matter to the Department of Justice, prompting a federal investigation and an order by President Donald Trump to dismiss her.