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Exclusive: Fed Governor Cook declared her Atlanta property as “vacation home,” documents show (www.reuters.com)

submitted 18 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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.

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[–] nymnympseudonym@piefed.social 11 points 17 hours ago (1 children)

Between this and the two guys they said they got before someone someone literally told them who the shooter was I'm beginning to suspect some of this administration's senior officials were not hired on the basis of qualifications or skillset

[–] Archangel1313@lemmy.ca 2 points 15 hours ago

Or...now just hear me out on this...they're lying.

[–] Dadifer@lemmy.world 11 points 18 hours ago

So... about those Epstein files...

[–] halcyoncmdr@lemmy.world 3 points 17 hours ago

The article mentions other documentation about primary residence, but doesn't link to it as far as I can tell.

To play devil's advocate a bit, plans and decisions change. At one point in time you can have one property a primary residence and later decide that you would rather use a different one as a primary.

Were these around the same time? Were they years apart? What are the legal requirements if you want to change your primary residence? None of that seems to be covered here as far as I can tell but is directly related to the topic and legality.

The fact she has 3-4 homes all over the place is excessive honestly, but neither here nor there about the legality here.

[–] resipsaloquitur@lemmy.world 2 points 18 hours ago

And?