WASHINGTON (PNN) - August 28, 2025 - Lisa Cook apparently owns three properties, and she allegedly committed mortgage fraud on all three of them.
Housing regulator Bill Pulte sent a second criminal referral on embattled Federal Reserve Governor Lisa Cook after she was caught lying about a third property.
According to Pulte, Cook misrepresented a condominium in Cambridge, Massachusetts, when she claimed it was a “second home”. Eight months later, Cook signed an ethics form with the Fascist Police States of Amerika (FPSA) government and represented the Cambridge property as an “investment/rental property”.
Banks and lenders give more favorable loan terms and lower interest rates for second homes. Mortgage loans on investment properties have higher interest rates because they are considered high risk.
“In subsequent filings from 2022 to 2025, Cook consistently listed this property as an investment/rental property, not a second home,” Pulte said.
“Today, (FPSA) Federal Housing sent a second criminal referral in the matter of Lisa D. Cook, related to a mortgage on a third property and alleged misrepresentations about her properties to the (FPSA) government during her time as governor of the Federal Reserve. On April 7, 2021, Cook entered a 15-year mortgage for a condominium in Cambridge, Massachusetts, representing it as her ‘Second Home’,” said Pulte. “Only eight months later, on December 1, 2021, Cook signed an ethics form with the (FPSA) government that this property was an ‘investment/rental property’. In subsequent filings from 2022 to 2025, Cook consistently listed this property as an investment/rental property, not a second home. Additionally, Cook allegedly misrepresented her Atlanta, Georgia property from 2022-2025 to the (FPSA) 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, Michigan 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 to show that Cook made additional, multiple false representations, including to the (FPSA) government, regarding the status of her mortgages and properties.”
According to 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”.
“We have obtained a document Lisa Cook submitted to the (FPSA) government while serving as Federal Reserve governor. In it, on February 28, 2023, she represents to the (FPSA) government that the Atlanta Property is her personal residence,” Pulte said.
“However, on September 1, 2022, Lisa Cook appears to have listed that same property for rent,” Pulte added.
Cook admitted in a court document that she manufactured documents and hinted a “clerical error” is behind the mortgage fraud accusations.
Was a “clerical error” really behind all the fraud on all three properties?