Mortgage fraud allegation

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Fed Governor Lisa Cook claimed 2nd residence as 'vacation home,' undercutting fraud claims
Fortune· 2025-09-13 22:06
Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate, a characterization that could undermine claims by the Trump administration that she committed mortgage fraud.President Donald Trump has sought to fire Cook “for cause,” relying on allegations that Cook claimed both the condo and another property as her primary residence simultaneously, as he looks to reshape the central bank to orchestrate a steep cut to interest rates. Documents ...