Federal Housing Finance Agency Director William Pulte has referred possible criminal activity involving Federal Reserve Governor Lisa D. Cook to Attorney General Pam Bondi for investigation and action as appropriate. Pulte’s letter states, “According to mortgage documents obtained by U. S. Federal Housing, it appears an individual, Ms. Lisa DeNell Cook, has falsified bank documents and property records to acquired more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”
Since at least May 2022, Cook has been required to live in the Washington, D.C., metro area. Her exact date of moving to D.C. is unclear, but she was part of Joe Biden’s transition agency review team as of November 2020 and was nominated for the Federal Reserve job in January 2021. The shenanigans started in the summer of 2021.
On June 18, 2021, Cook took a fifteen-year mortgage for $203,000 for a house in Ann Arbor, MI, which she said was to be her “primary residence,” and she promised to live there full-time “for at least one year.” A mere fourteen days later, she took out another mortgage for a condo in Atlanta’s “Above the Four Seasons” building for $540,000. Again, she stated this would be her primary residence and she would live there for at least one year. By September 2022, her Atlanta condo was listed for rent but “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.” Hmmm… I wonder if the IRS is taking notes.