TIPSHEET
Mortgage Mayhem: Fed Governor Lisa Cook Accused of Fraud, Again
Scott McClallen | August 29, 2025 6:00 PM
Lisa Cook, who serves on the Federal Reserve Board of Governors, might be cooked.
She's accused of committing mortgage fraud someone between one and three times, according to Director of the Federal Housing Finance Agency Bill Pulte.
He posted on social media that U.S. Federal Housing sent a second criminal referral in her case related to a mortgage on a third property that she allegedly lied about on her taxes.
“3 strikes and you’re out."
Pulte claimed that Cook entered a 15-year mortgage on a Massachusetts property in 2021 and listed it as her second home. Then, she allegedly claimed the property as an investment or rental property.
“ 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. Additionally, Cook allegedly misrepresented her Atlanta, GA property from 2022-2025 to the U.S. Government as her residence, despite evidence suggesting it was being rented out to tenants. Similarly, Cook declared in a 2025 government filing that her Ann Arbor, MI property was her personal residence, however, we have reason to believe that as of 2025, the Ann Arbor property is being used as a rental property, not a personal residence. These inconsistencies appear Cook made additional, multiple false representations, including to the U.S. Government, regarding the status of her mortgages and properties.”
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READ MORE: https://townhall.com/tipsheet/scott-mcclallen/2025/08/29/lisa-cook-might-be-cooked-n2662537
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