Attorneys for embattled Federal Reserve Governor Lisa Cook lashed out at Federal Housing Director Bill Pulte and said the allegations of mortgage fraud are false.
In a letter to Attorney General Pam Bondi and special prosecutor Ed Martin, the attorneys accused Pulte of cherry picking certain statements on Lisa Cook’s loan documents to be able to allege she committed 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 in August.
Lisa Cook 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” — just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
In late August, Pulte sent a second criminal referral on Lisa Cook after she was allegedly caught lying about a third property in Massachusetts.
Attorneys for Cook claimed their client had different principal residences because her “distinguished career” had taken her to different parts of the country.
“Governor Cook had different principal residences over the years because her distinguished career had taken her to academic posts at Harvard University and Michigan State University, a postdoctoral fellowship at Stanford’s Hoover Institution, and a government post at the White House Council of Economic Advisers in Washington, D.C. This reflects why different mortgage applications accurately reported different properties as her primary residence at different periods of time,” they wrote.
The attorneys claimed Cook truthfully claimed her Atlanta condo would be a vacation home.
“One property that was never her primary residence was the subject of a mortgage application that truthfully disclosed it would not be her primary residence but would be used for family visits. There was one stray reference to primary residence on the mortgage form that was plainly innocuous in light of the several other truthful and more specific disclosures about the property’s use. There is no fraud, no intent to deceive, nothing whatsoever criminal or remotely a basis to allege mortgage fraud,” the lawyers wrote.
Pulte however claimed he has evidence that suggests Lisa Cook actually listed the Atlanta property for rent, making it an investment property, not a vacation home.
“We have obtained a document Lisa Cook submitted to the U.S. Government while serving as Federal Reserve Governor. In it, on February 28, 2023, she represents to the U.S. Government that the Atlanta Property is her PERSONAL RESIDENCE,” Pulte previously said.
“However, Lisa Cook, as a then-sitting Fed Governor and six months earlier, on September 1, 2022, appears to have listed that same property for RENT,” Pulte added.
The Supreme Court recently ruled Lisa Cook can stay on the job for now.
The high court will hear oral arguments on Lisa Cook’s case in late January.
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