Fed governor Lisa Cook declared key property as ‘vacation home’, files show

Document appears to undermine claim from Donald Trump allies that Cook committed mortgage fraudA 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 28 May 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 would not 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. Continue reading...

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