A 3rd Property!? Pulte Drops New Criminal Referral On Lisa Cook As Mortgage Scandal Widens | Forex Factory

A 3rd Property!? Pulte Drops New Criminal Referral On Lisa Cook As Mortgage Scandal Widens | Forex Factory

A 3rd Property!? Pulte Drops New Criminal Referral On Lisa Cook As Mortgage Scandal Widens

From zerohedge.com

On Thursday night, Federal Housing Finance Agency (FHFA) Director Bill Pulte dropped a second criminal referral against Federal Reserve Governor Lisa Cook based on evidence that she entered into a 15-year mortgage on a third property which she listed as her "Second Home." On an ethics form signed with the government, however, Cook noted it as an "investment/rental property." Why is this bad and not simply a 'clerical error'? As Pulte notes, "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 ... (full story)

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Aug 28, 2025 11:08pm — Edited

Quoting sydap2017

Disliked

By this standard for Cook, why is Trump allowed to serve as President when he has been convicted of mis-stating his finances in order to secure better terms. The fines of over $400 million were repealed recently by an appeals court, but the conviction was not. So which standard should apply?

Ignored

Because everyone knows it was a political witch hunt.

The bank independently assessed his finances and properties and gave him a loan they felt was warranted. Trump then paid back the loan. The bank never had any complaints. A solid business deal from start to finish.

Then....enter left wing New York AG Letitia James who stated clearly when she ran for office that she would "get" Trump. So she used up millions in resources to investigate for 3 years, all the while, allowing criminals to run free in the cespool we call New York City

Of course she brought charges just in time for the presidential election cycle

7

Aug 29, 2025 12:16am

Quoting Expo33

Disliked

{quote} Because everyone knows it was a political witch hunt. The bank independently assessed his finances and properties and gave him a loan they felt was warranted. Trump then paid back the loan. The bank never had any complaints. A solid business deal from start to finish. Then....enter left wing New York AG Letitia James who stated clearly when she ran for office that she would "get" Trump. So she used up millions in resources to investigate for 3 years, all the while, allowing criminals to run free in the cespool we call New York...

Ignored

So probably Cook's firing is also a political witch-hunt, this time from the MAGA Republicans rather than the left wing?

5

Aug 29, 2025 12:42am

Quoting Expo33

Disliked

{quote} Because everyone knows it was a political witch hunt.

Ignored

And this isn't??????

4

Aug 28, 2025 9:44pm

By this standard for Cook, why is Trump allowed to serve as President when he has been convicted of mis-stating his finances in order to secure better terms. The fines of over $400 million were repealed recently by an appeals court, but the conviction was not.
So which standard should apply?

4

Aug 29, 2025 7:15am

One by one they will fall. Wait until the elite gangsters are rounded up by the Trump administration. High profile arrests are imminent.

2

Aug 29, 2025 8:16am

The leftie Jethro types sure have dumb arguments. They should be embarrassed to post here!

2

Aug 29, 2025 7:13am

In 2021, Boston Fed President Eric Rosengren retired early due to health concerns following a review of his stock trading, and Dallas Fed President Rob Kaplan also retired early to avoid distracting the Fed with the focus on his financial disclosures. These two regional fed bank presidents were forced to resign by lib Senators such as L. Warren and S. Brown. They were perceived as Republican by the democrat socailist Senators. L. Cook was confirmed by all democrat socialist party line votes in 2022 and 2023, with VP Harris breaking the tie in 2022. She is a liberal partisan first and foremost with no real economic experience or business experience of any kind. The liberals were FRB "packing". Trump is merely trying to find balance and FRB members with relevant business experience. Apparently, she also lacks integrity, too.

2

Aug 29, 2025 5:49am

"Trump has fired Lisa Cook from the board of the Federal Reserve.

This is great news, because Lisa Cook is an unqualified, inept diversity hire.

Her publication record is thin, and focused mostly on racial issues, not monetary policy. As economist John Cochrane noted: "[In her publication] you will find essentially nothing related to monetary policy, monetary effects on employment, interest rates, inflation, financial regulation or other traditional Fed topics."

She was clearly hired for DEI reasons, to be the first Black woman on the board.

Worse still, she is not only unqualified but an unusually inept researcher.

Her most publicized paper, published in 2014, claimed that Black patents declined in 1900 due to racial violence.

But the decline had nothing to do with that. It was simply an artifact of her own dataset."

1

Aug 29, 2025 2:58am

Quoting nbfx

Disliked

{quote} And this isn't??????

Ignored

Right, and in this case no trial is needed becaue MAGA doesn't care about the law.

2

Aug 28, 2025 10:59pm

Bill Pulte's job is to attack Democrats.

https://fortune.com/2025/08/27/who-i...ortgage-fraud/

1

Aug 28, 2025 11:02pm

Quoting Trader#00E9

Disliked

why do people keep getting keep getting govt loan. that is how govt inflate the housing market since they will dont care who is getting the loan

Ignored

these are mortgages, most likely not govt-backed in any way. But, mortgage rates offered by private lenders will vary, subject to how the purchased property is designated. The IRS also takes a keen interest in how private property purchases are reported.

Aug 29, 2025 9:17am

Quoting Trader#66AA

Disliked

{quote} She claims she has significant experience in banking and financing yet she can't even fill out simple, everyday mortgage papers properly. Is it fraud or is she unqualified? Pick one. https://x.com/zerohedge/status/1961244263586337227 https://x.com/g_buckman/status/1961135529115971972

Ignored

u must rent a trailer park house cause u obviously never bought a real one

theres a shitload of paperwork involved in buyin and selling houses and why real estate attorneys are used to fill out all those forms

and most applications are typed up by a bank schmuk or the real estate lawyer you hired to do it

Aug 29, 2025 9:02am

Quoting TraderTero

Disliked

{quote} The sole purpose is to take over FED, nothing to do with fraud. He will fire as many members as needed and replace them with his yes men.

Ignored

it's true, but she did give him cause.

Aug 29, 2025 5:36am — Edited

...
So much for FED independence...
i always thought the FED was supposed to be always apolitical...little did i know...
If there are any DEI hires at the FED, they should be fired immediately without cause...

"Cook also argues that claiming two houses as her 'primary residence' at the same time may have been a simple 'clerical error.'"
"So, we're supposed to believe that a Harvard graduate and 'Top leading economist' - who's tasked with setting Fed policy - simply missed the 'primary residence' designation plastered all over the mortgage papers she signed? "

Trader#6299

Aug 28, 2025 9:55pm

Quoting sydap2017

Disliked

By this standard for Cook, why is Trump allowed to serve as President when he has been convicted of mis-stating his finances in order to secure better terms. The fines of over $400 million were repealed recently by an appeals court, but the conviction was not. So which standard should apply?

Ignored

you can't be serious...

1

Trader#D2C9

Aug 28, 2025 11:50pm

Quoting The Fool

Disliked

Bill Pulte's job is to attack Democrats. https://fortune.com/2025/08/27/who-i...ortgage-fraud/

Ignored

Isn’t the fed supposed to be apolitical? Maybe dems should stop committing fraud

1

Aug 29, 2025 6:15am

Quoting chemosi

Disliked

"Trump has fired Lisa Cook from the board of the Federal Reserve. This is great news, because Lisa Cook is an unqualified, inept diversity hire. Her publication record is thin, and focused mostly on racial issues, not monetary policy. As economist John Cochrane noted: "[In her publication] you will find essentially nothing related to monetary policy, monetary effects on employment, interest rates, inflation, financial regulation or other traditional Fed topics." She was clearly hired for DEI reasons, to be the first Black woman on...

Ignored

She was not fired for being unqualified. Besides most of the current cabinet and administration consist of unqualified people.

Maybe you could start with listing Kennedy's qualifications for his current office. Then move on to Hegseth.

1

Trader#66AA

Aug 29, 2025 6:33am

Quoting TraderTero

Disliked

{quote} She was not fired for being unqualified. Besides most of the current cabinet and administration consist of unqualified people. Maybe you could start with listing Kennedy's qualifications for his current office. Then move on to Hegseth.

Ignored

She claims she has significant experience in banking and financing yet she can't even fill out simple, everyday mortgage papers properly. Is it fraud or is she unqualified? Pick one.

https://x.com/zerohedge/status/1961244263586337227

https://x.com/g_buckman/status/1961135529115971972

1

Aug 29, 2025 8:41am

Quoting Polimini

Disliked

I don't care for Trump, but if she is being creative with her houses, you can't blame Trump for going after her.

Ignored

The sole purpose is to take over FED, nothing to do with fraud. He will fire as many members as needed and replace them with his yes men.

1

Trader#66AA

Aug 29, 2025 8:47am

Quoting TraderTero

Disliked

{quote} The sole purpose is to take over FED, nothing to do with fraud. He will fire as many members as needed and replace them with his yes men.

Ignored

Elected by the people
Fires incompetent and/or corrupt fed members
Draining the swamp

This is what we voted for. A law was broken either intentionally or intentionally. The end.

1

Trader#B749

Aug 29, 2025 9:21am

Quoting Zebi

Disliked

{quote} u must rent a trailer park house cause u obviously never bought a real one theres a shitload of paperwork involved in buyin and selling houses and why real estate attorneys are used to fill out all those forms

Ignored

It's not rocket science.
There's a question for property use, and you have 3 options.
1) primary Home,
2) Secondary Home,
3) Investment property.

1

Aug 29, 2025 8:33am

I don't care for Trump, but if she is being creative with her houses, you can't blame Trump for going after her.

Trader#D2C9

Aug 28, 2025 9:38pm

Commit mortgage fraud once, shame on you. Commit it twice, shame on me. Commit it three times and the media will run cover for you and say anyone who has a problem with it is racist

1

Aug 29, 2025 9:12am

Quoting Polimini

Disliked

{quote} it's true, but she did give him cause.

Ignored

Not really. Maybe an excuse.

"Her financial disclosure identifies a second loan for a personal residence for $500,001-$1 million. Again the address is not listed but the value and term of the loan matches her $540,000 mortgage on her Atlanta, Georgia condominium.

The national average for a 30-year fixed rate mortgage ranged from 2.93% to 3.04% from April 15, 2021 to July 1, the day before she signed the mortgage, Freddie Mac data shows.

Cook's rate was 3.25%.

Fraud, Cornell's Hockett said, is generally "either affirmatively misrepresenting, or failing to disclose...such as to lead someone into taking a risk they wouldn’t otherwise risk, or give you something other than they would otherwise give you...the very fact that they didn't give her an advantageous rate suggests they were informed." https://www.usnews.com/news/politics...-and-whats-not

Aug 28, 2025 10:00pm

Ridiculous

Trader#E38B

Aug 28, 2025 11:52pm

Quoting sydap2017

Disliked

By this standard for Cook, why is Trump allowed to serve as President when he has been convicted of mis-stating his finances in order to secure better terms. The fines of over $400 million were repealed recently by an appeals court, but the conviction was not. So which standard should apply?

Ignored

" Trum is rich and from New York

Trader#66AA

Aug 29, 2025 4:18am

It's annotated on her mortgage records. It's cut and dry. If she want's to fight it and risk getting into more trouble, that's her choice. Nobody is above the law. I hope she proceeds to fight it, because even accidental clerical errors on paperwork can be considered fraud. Is her defense going to be she's partially in charge of the country's finances and interest rates but she accidently messed up on all of her mortgage applications? Good luck with that one.

Aug 29, 2025 4:50am

cook is cooked!

Trader#CE2B

Aug 29, 2025 5:15am

Two mortgage issues weren't enough to drive Lisa Cook out, but three were?

Why didn't Pulte immediately bring that up? Did he do such a poor job, or did they simply fabricate a scandal now that Lisa Cook isn't resigning and has even launched a legal counter-attack against President Don Trump for defaming her and the Fed. Waller and Bowman won't be scrutinized because they are the president's henchmen and meekly follow his lead on, among other things, interest rate policy.

Trader#CB34

Aug 29, 2025 6:37am

Quoting The Fool

Disliked

{quote}these are mortgages, most likely not govt-backed in any way. But, mortgage rates offered by private lenders will vary, subject to how the purchased property is designated. The IRS also takes a keen interest in how private property purchases are reported.

Ignored

liked you better as underdog

Trader#CB34

Aug 29, 2025 6:43am

Quoting Expo33

Disliked

{quote} Because everyone knows it was a political witch hunt. The bank independently assessed his finances and properties and gave him a loan they felt was warranted. Trump then paid back the loan. The bank never had any complaints. A solid business deal from start to finish. Then....enter left wing New York AG Letitia James who stated clearly when she ran for office that she would "get" Trump. So she used up millions in resources to investigate for 3 years, all the while, allowing criminals to run free in the cespool we call New York...

Ignored

It is never ceases to amaze me that liberals are incapable of accepting factual information, what happens to their minds is fascinating yet terrifying.

Trader#CF90

Aug 29, 2025 6:55am

Perhaps you all should review mortgage practices and law before you start running around quoting OAN, FOX and holding a banner for a guy who wants a massive fed rate cut, so he can sell more homes while running the Federal Mortage Finance Committee. Yea that's not conflict of interest, but an American citizen, who works for the FED, owning multiple homes is by his standards.

Trader#CF90

Aug 29, 2025 7:07am

Quoting Expo33

Disliked

{quote} Because everyone knows it was a political witch hunt. The bank independently assessed his finances and properties and gave him a loan they felt was warranted. Trump then paid back the loan. The bank never had any complaints. A solid business deal from start to finish. Then....enter left wing New York AG Letitia James who stated clearly when she ran for office that she would "get" Trump. So she used up millions in resources to investigate for 3 years, all the while, allowing criminals to run free in the cespool we call New York...

Ignored

LMAOOOOO you cannot be serious?

Trader#15C7

Aug 29, 2025 7:53am

I can't be fully angry towards the incompetence and possible fraud committed here, only because it's purely political and not much of anything to do with her performance. If this had been uncovered without threatening to take over the Fed, more covertly, it would have taken a different presidence.
The alternative is to have a yes man lower rates and create a highly inflationary atmosphere, where eventually things will have to go down with much higher rates. Unless they want to hyperinflate to avoid a debt crisis and devalue their currency completely.
Trump does not have a clean shirt in this. He has been involved with multiple cases of fraud relating to his own business dealings.
What is the monetary value of Lisa Cook's fraud? Are we doing a witch-hunt over a few thousand dollars when Trump gets to pump and dump his own meme coins for hundreds of millions?
It seems that we've legalized fraud for those with power. The laws aren't being applied, therefore It's difficult to be outraged over something being done on a small scale.

Trader#55E9

Aug 29, 2025 8:29am

Most people outside of DC don't realize you move between states so much, you may be in DC for 6+ months, your Primary, becomes a secondary, you get reassigned and now you new secondary becomes primary. Unfortunately if you look at anyone in congress you will see something similar. Let's be honest this has nothing to do with fraud but a power grab.

Aug 29, 2025 8:31am

"So bye, bye, Miss American pie...."

Trader#15C7

Aug 29, 2025 8:34am

Quoting HogTrader

Disliked

The leftie Jethro types sure have dumb arguments. They should be embarrassed to post here!

Ignored

The law being applied only to political opponents doesn't feel right. Feels a lot like the beginnings of a communist takeover.

Aug 29, 2025 8:38am

Quoting Cobra

Disliked

One by one they will fall. Wait until the elite gangsters are rounded up by the Trump administration. High profile arrests are imminent.

Ignored

Gangster war?

Trader#66AA

Aug 29, 2025 4:22pm

Quoting Zebi

Disliked

{quote} u must rent a trailer park house cause u obviously never bought a real one theres a shitload of paperwork involved in buyin and selling houses and why real estate attorneys are used to fill out all those forms and most applications are typed up by a bank schmuk or the real estate lawyer you hired to do it

Ignored

I own my home, thank you. I'm more qualified to run the fed the Cook is.

Trader#00E9

Aug 28, 2025 10:01pm

why do people keep getting keep getting govt loan. that is how govt inflate the housing market since they will dont care who is getting the loan

Trader#A306

Aug 29, 2025 5:44am

Cook's petty crime shows how shortsighted are some Fed members.

Trader#C37C

Aug 29, 2025 6:16am

Maybe they should investigate the guy at the white house for corruption and bribery lol..What an irony

Trader#15C7

Aug 29, 2025 6:31am

Tough to take a side when it's all politically motivated.

Trader#05D7

Aug 29, 2025 6:55am

Quoting doodooltalai

Disliked

cook is cooked!

Ignored

The only good squirrel is a cooked one!

Trader#CB34

Aug 29, 2025 6:56am

Doesn't amount to anything, put here for controversy and clickbait, this used to be a reliable source for trading information, it has devolved into a TDS tabloid.

Trader#CF90

Aug 29, 2025 6:58am

Quoting Trader#D2C9

Disliked

{quote} Isn’t the fed supposed to be apolitical? Maybe dems should stop committing fraud

Ignored

Yet you voted for Trump. Irony.

Trader#243D

Aug 29, 2025 8:30am

Aint no man gonna tell her wut to do!

Trader#0DBB

Aug 29, 2025 8:49am

this is not about the party, democrat or republican. is about the integrity of seating servant
.

Trader#A310

Aug 29, 2025 8:53am

Trump is bitch he disturb all over the world economy

Trader#50A9

Aug 29, 2025 3:42pm

How right you are.

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