What, You Mean That They Lied?

It turns out that Federal Reserve Governor Lisa Cook declared her Atlanta home a "Vacation Home" on mortgage documents.

So, not only was the charge dug up by Trump stooge Bill Pulte bogus, it was outright fraud. 

Why am I not surprised?

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.

……… 

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.

Cook, who remains at the Federal Reserve, has sued the president to resist her dismissal. Reuters was unable to determine whether Pulte or administration officials are aware of Cook’s Atlanta loan estimate. Spokespeople at the FHFA, the agency led by Pulte, didn’t respond to a request for comment.
The documents cited by Pulte,  include standardized federal mortgage paperwork which stipulates that each loan obtained by Cook for the Atlanta and Michigan properties is meant for a “primary residence.” But documentation reviewed by Reuters for the Atlanta home, filed with a court in Georgia’s Fulton County, clearly says the stipulation exists “unless Lender otherwise agrees in writing.” The loan estimate, a document prepared by the credit union, states “Property Use: Vacation Home.”

If someone from the Trump administration says that the sky is blue, it is best to find independent verification.