President Trump called on Biden-appointed Federal Reserve Governor Lisa Cook to resign on Wednesday after the head of the U.S. Federal Housing Finance Agency, Bill Pulte, criminally referred her to the Justice Department for mortgage fraud.
According to Pulte’s criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
By claiming “primary residence” on her out-of-state condo, Lisa Cook received more favorable loan terms and a lower interest rate.
On June 18, 2021, Cook acquired a loan on a property in Ann Arbor, Michigan. On the mortgage agreement, Cook represented to “use the Property as Borrower’s principal residence within 60 days after the execution of her agreement, Pulte said.
On July 2, 2021, just two weeks later, Lisa Cook also purchased a condo in Atlanta and entered a 30-year mortgage agreement and affirmed the property would serve as her primary residence within 60 days of the execution of the mortgage and would serve as her primary residence for a full year, Pulte’s referral said.
According to Pulte, while Cook affirmed her Atlanta property would serve as her primary residence, online records indicate that the property was listed for rent in September 2022.
“While the property was listed for rent in 2022, a review of Ms. Cook’s federal government financial disclosures for calendar years 2022 and 2023 indicate that she has not disclosed any rental income tied to this address,” Pulte wrote in his criminal referral.
This is textbook occupancy fraud.
Hellbound and Down 