What is going on with all the mortgage fraud?

[Anonymous]

The latest to be caught up in this is Fed Governor Lisa Cook. She submitted mortgage applications on two properties within two weeks of each other in 2021, claiming both of them as her primary residence. The documents are public—this seems to be fairly obvious mortgage fraud. A criminal referral has already been sent to the DOJ, and a Democratic former US Attorney has said she is likely to be charged and convicted.

This follows similar criminal referrals for mortgage fraud by Leticia James and Adam Schiff. What is going on here? How many more of these are going to come out?

[Anonymous]

Sheesh, stop paying attention to the lies from right wing media.

[Anonymous]

Mortgage fraud is such a bs charge. The mortgage fraud is the bank/mortgage itself

[Anonymous]

Anonymous wrote:Sheesh, stop paying attention to the lies from right wing media.

Are you claiming that applying for mortgages on two properties, more or less simultaneously—and claiming both as your primary residence—is not mortgage fraud?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sheesh, stop paying attention to the lies from right wing media.

Are you claiming that applying for mortgages on two properties, more or less simultaneously—and claiming both as your primary residence—is not mortgage fraud?

MAGAs told me it’s not fraud unless you don’t pay back the loan and the bank loses money.

[Anonymous]

Even IF it were fraud, Trump did much worse.

[Anonymous]

Is there an actual definition for “primary residence” for mortgage purposes? Out of curiosity, I just pulled out our mortgage application. It asks whether the home is a primary residence, second home, or investment property, but it doesn’t have definition for any of those. It seems like a person that is splitting their time between two places more or less evenly could have two primary residences, or at least could honestly believe they do since the forms don’t provide any definition.

[Anonymous]

The FHFA director is a crazy piece of Trumpworld garbage is what is happening.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sheesh, stop paying attention to the lies from right wing media.

Are you claiming that applying for mortgages on two properties, more or less simultaneously—and claiming both as your primary residence—is not mortgage fraud?

MAGAs told me it’s not fraud unless you don’t pay back the loan and the bank loses money.

This.

[Anonymous]

Anonymous wrote:Is there an actual definition for “primary residence” for mortgage purposes? Out of curiosity, I just pulled out our mortgage application. It asks whether the home is a primary residence, second home, or investment property, but it doesn’t have definition for any of those. It seems like a person that is splitting their time between two places more or less evenly could have two primary residences, or at least could honestly believe they do since the forms don’t provide any definition.

I think the implication is that if you take out loans in two different states in 2 weeks you probably knew one was not your primary residence. That said Pulte is abusing FHFA data to attack political enemies which is terrifying.

[Anonymous]

Anonymous wrote:Sheesh, stop paying attention to the lies from right wing media.

Inconvenient facts are always labeled "lies from right wing media" by DCUM's finest. Never fails.

[Anonymous]

Anonymous wrote:The FHFA director is a crazy piece of Trumpworld garbage is what is happening.

This! He is using his power to threaten the Fed and its independence. Pulte needs to go back to building crappy houses.

[Anonymous]

Pulte knows a thing or two about fraud having spent his career building shoddy homes and passing them off to unsuspecting buyers

https://sauderschelkopf.com/investigations/pulte-homebuilder-construction-defect-lawsuit-investigation/

[Anonymous]

Anonymous wrote:The latest to be caught up in this is Fed Governor Lisa Cook. She submitted mortgage applications on two properties within two weeks of each other in 2021, claiming both of them as her primary residence. The documents are public—this seems to be fairly obvious mortgage fraud. A criminal referral has already been sent to the DOJ, and a Democratic former US Attorney has said she is likely to be charged and convicted.

This follows similar criminal referrals for mortgage fraud by Leticia James and Adam Schiff. What is going on here? How many more of these are going to come out?

Family Loans can also count as primary residences. Apparently Cook bought the Atlanta condo to house a family member. The house in Ann Arbor was clearly to be used by her while teaching at UM.

https://www.investopedia.com/what-is-a-family-opportunity-mortgage-how-it-works-eligibility-and-benefits-8654115

What’s not clear to me is whether one or both loans represent refinancings. I’m guessing both are refinanced properties.

[Anonymous]

Anonymous wrote:The latest to be caught up in this is Fed Governor Lisa Cook. She submitted mortgage applications on two properties within two weeks of each other in 2021, claiming both of them as her primary residence. The documents are public—this seems to be fairly obvious mortgage fraud. A criminal referral has already been sent to the DOJ, and a Democratic former US Attorney has said she is likely to be charged and convicted.

This follows similar criminal referrals for mortgage fraud by Leticia James and Adam Schiff. What is going on here? How many more of these are going to come out?

You understand that Donald Trump did actual crimes where he listed one number on his value of property to banks and another on his value for taxes, right?