Posted on 09/15/2025 12:24:12 PM PDT by Red Badger
The fake news media is now floating a story about embattled Federal Reserve Governor Lisa Cook’s ‘loan estimate’ in which she “declared” her out-of-state Atlanta condo a “vacation home.”
A loan estimate is not binding.
Additionally, Lisa Cook’s Atlanta property is an investment property – not a second home – so she likely lied on the ‘loan estimate’ as well.
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NBC News reported:
Federal Reserve governor Lisa Cook declared in financial forms that her Atlanta property would be used as a “vacation home” and not her primary residence, according to documents obtained by NBC News that appear to undercut the Trump administration’s allegations of mortgage fraud.
Federal Housing Finance Agency Director Bill Pulte and President Donald Trump, who has moved to fire Cook, have accused the central bank board member of passing off the property as her main residence for financial gain. Cook has repeatedly denied the allegation, and administration officials have not provided definitive evidence supporting their claims.
A loan summary from the Bank-Fund Staff Federal Credit Union in May 2021 reads: “Property Use: Vacation Home.” Additionally, public records in Fulton County, Georgia, reviewed by NBC News show that no tax exemptions available for a primary residence were sought by Cook.
A second document obtained by NBC News, Cook’s “questionnaire for national security positions,” which was submitted to the Biden administration in late 2021 and later the Senate, contains a question that reads: “Please list all of your interests in real property, including additional homes, vacation homes, rental properties, and interests in trusts that may hold property.”
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Cook responded by writing “2nd home” followed by the address of the Atlanta property.
The media is so desperate to run cover for Lisa Cook that they are actually presenting the loan estimate as some sort of evidence that Lisa Cook did not commit mortgage fraud.
Lisa Cook filed a lawsuit against President Trump, the Federal Reserve Board of Governors, and Federal Reserve Chairman Jerome Powell after Trump fired her last month.
Lisa Cook apparently owns three properties, and she allegedly committed mortgage fraud on all three properties.
According to housing regulator Bill Pulte’s first criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
Late last month Pulte sent a second criminal referral on embattled Federal Reserve Governor Lisa Cook after she was allegedly caught lying about a third property in Massachusetts.
The loan estimate actually makes things look worse for Lisa Cook because she likely saw the pricing and cost of the purchase as a “second home” and wanted more favorable loan terms so she declared her Atlanta property as “owner occupied” on the mortgage loan documents.
Bill Pulte responded to the media’s latest stunt running cover for Lisa Cook:
The Pattern of a Liar
“Unsubstantiated”
Then “Baseless”
Then “Unproven”
Then “Before her Nomination”
Then “Clerical error”
Then “Not Cause”
Then “Biden knew”
Then “Facial contradictions”
Now “Loan estimate”
Next ?
Pulte also said the loan estimate only strengthens the case of fraud.
Remember the leftists sending emails to themselves, exonerating themselves for their actual own conduct? That was actually used in several senate appointments hearings to serve as “proof” they did not do or say what they did.
I think it was Susan Rice, Samantha Powers, and Jake Sullivan that did that.
What are the legal documents in a mortgage?
The Mortgage/Security Instrument/Deed of Trust: This is the document that places a lien on your property and secures the loan.
The Mortgage Note (or Promissory Note): This is the document that creates the debt and details the terms of the loan, including the borrower’s legal obligation to repay the lender.
The Loan Estimate and Closing Disclosure: These are also legally important documents that provide details on the loan’s terms and costs.
While the application itself is a request and doesn’t obligate you to a loan, you sign legally binding documents like the mortgage note and the mortgage at the end of the process, and these documents do commit you to the terms of the loan.
Falsifying documents to obtain payouts is illegal under a range of federal and state laws that cover both criminal and civil fraud. Federal laws often apply to schemes involving the U.S. government, financial institutions, or interstate commerce, while state laws cover forgery and fraud within their borders.
Federal laws and penalties
Mail and wire fraud (18 U.S.C. §§ 1341 and 1343)
These statutes prohibit using the U.S. mail or interstate wire communications (including phone calls, faxes, and emails) in a scheme to defraud others of money or property.
Penalties: Up to 20 years in federal prison and significant fines. If the fraud involves a financial institution or a federally declared disaster, the penalty increases to up to 30 years and a fine of up to $1 million.
False Claims Act (FCA) (31 U.S.C. §§ 3729 et seq.)
This law targets individuals and companies that defraud federal government programs, such as Medicare, Medicaid, and defense contracts. Liability is incurred by knowingly submitting a false claim for payment or using a false record to get a claim paid.
Civil penalties: Significant fines per false claim, plus three times the amount of damages the government incurred.
Whistleblower provisions: The FCA has a “qui tam” provision that allows private citizens to file lawsuits on behalf of the government and receive a percentage of any recovery.
Bank fraud (18 U.S.C. § 1344)
This statute criminalizes schemes to defraud a financial institution or obtain its money or property through false or fraudulent pretenses.
Penalties: Up to 30 years in prison and a fine of up to $1 million.
False statements (18 U.S.C. § 1001)
This law makes it a crime to knowingly and willfully make a materially false statement or representation in any matter within the jurisdiction of the federal government.
Penalties: Up to five years in federal prison and a fine.
Forgery and counterfeiting (18 U.S.C. §§ 471, 495, and 510)
These laws cover the forgery of official U.S. documents, securities, and signatures.
Penalties: Up to 20 years in federal prison for forging U.S. securities, or up to 10 years for forging contracts or deeds to obtain money from the U.S..
State laws and penalties
In addition to federal statutes, most states have laws criminalizing forgery and fraud to cover schemes that do not involve the federal government or interstate commerce. For example, Virginia law covers the following:
Forgery of writings: Forging a document or using a forged writing to prejudice someone’s rights is a Class 5 felony.
Obtaining money by false pretenses: This law criminalizes obtaining money or property through false representation with the intent to defraud. The severity of the penalty depends on the value of the property.
How the laws apply
The specific laws that apply depend on the nature of the fraud and the entities involved:
<><>Victim: The victim of the fraud often determines which laws apply. If the victim is the federal government, the FCA, and statutes like 18 U.S.C. § 1001 are relevant. If the victim is a bank, 18 U.S.C. § 1344 applies.
<><>Method: The method of communication used can also trigger federal jurisdiction. Using the postal service or electronic communication to execute the fraud falls under the mail and wire fraud statutes, respectively.
<><>Conduct: The specific actions determine the charges. A person might be charged with forgery for falsifying the document, wire fraud for emailing it to the victim, and bank fraud for attempting to use it to obtain money from a bank.
Thank you.
But.
At this point, this racist democrat party liner is so hate-filled with anger against Trump (and every other reminder of anybody and anything associated with Trump) that she will do ANYTHING to destroy the US economy, the US tax basis, and Trump’s government.
She is more dangerous now than a suicidal co-pilot in Air Force 1
Cook will do ANYTHING to destroy the US economy, the US tax basis, and Trump’s government.
She is more dangerous now than a suicidal co-pilot in Air Force 1...........
Nice deconstruction.
1. SHE ONLY USED CREDIT UNIONS FOR HER LOANS
2. SHE WAS NOT EVEN A LEGAL MEMBER OF ONE OF THE CREDIT UNIONS
3. SHE IS TRYING TO FLIM-FLAM HER WAY OUT OF ALL OF THIS.
CANNOT HAPPEN
1. SHE ONLY USED CREDIT UNIONS FOR HER LOANS
2. SHE WAS NOT EVEN A LEGAL MEMBER OF ONE OF THE CREDIT UNIONS
3. SHE IS TRYING TO FLIM-FLAM HER WAY OUT OF ALL OF THIS.
CANNOT HAPPEN
HOW MANY OTHER MEMBERS OF CONGRESS HAVE THE SAME PROBLEM????
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