The Federal Reserve official mortgaged a Massachusetts residence as her “second home” in 2021.
Federal Housing Finance Agency Director William Pulte sent a second criminal referral to the Department of Justice (DOJ) alleging another instance of mortgage fraud by Federal Reserve Governor Lisa Cook. The Fed official had already been referred to the DOJ for claiming homes in both Georgia and Michigan as primary residences.
“On April 7, 2021, Cook entered a 15-year mortgage for a condominium in Cambridge, MA, representing it as her ‘Second Home,’” the FHFA director wrote. “Only eight months later, on December 1, 2021, Cook signed an ethics form with the U.S. Government that this property was an ‘investment/rental property’. In subsequent filings from 2022 to 2025, Cook consistently listed this property as an investment/rental property, not a second home.“
Director Pulte stated in the complaint, “Representing the property as a second home may have allowed Cook to secure a lower ‘Second Home’ mortgage down payment and rates, as investment properties typically carry higher down payments and higher rates due to increased risk.”
President Donald Trump fired Cook after calling for her to resign when the first referral was made to the DOJ. She has sued the administration and refused to leave her position.
As the Lord Leads, Pray with Us…
- For Director Pulte to be prudent in his reviews of lending documentation and referrals for mortgage fraud.
- For Fed Governor Cook to be transparent regarding her dealings with mortgages on her properties.
- For President Trump and officials in his administration as they seek to enforce and uphold federal laws.
Sources: Western Journal, Bloomberg Law, Washington Examiner, MSN
