What is going on with all the mortgage fraud?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

Exactly, and I've yet to see a rule that says you can't have two primary residences. I work with a guy whose lives with his family in a house in NY. During the weekdays, he works in Virginia and stays in a condo he owns in VA. He travels back to NY on the weekends and stays there. Which one is is his primary residence under this definition? Seems like each fits some factors but not others. So does he have no primary residence? Or does he have two?

A couple can have two "primary" residences for purposes of F2 underwriting when they work in different locations. Usually this is done with a Married Filing Separate tax status.

Pretty common when one spouse is in NYC five days per week for work living in a condo while the other spouse is in Bethesda seven days per week at their long-time family home. Both residences would be titled under both spouses' names and on the hook for paying the mortgage, but each spouse would have a different "primary residence." The person in NYC would be on the hook for paying NYC and NYS income taxes; the spouse in Bethesda is paying MD state taxes.

This is extremely common throughout the country. It also explains why married members of Congress would have two "primary" residences - one back home and one in the DC area where they are spending more than 180 days per year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

Look at this phrase in the Freddie definition - "A Primary Residence is the residential property physically occupied by an owner as the principal home domicile,..."

All you need is one owner using it as a primary residence.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

That’s not a grey area – that’s designating a property as a principal residence when it will be used as a principal residence for a family member. That’s as clear as can be.

Also, you apparently missed the part where Zillow shows that she listed the second property for rent, making her intent clear. A Democratic former US Attorney has already said she will very likely be charged and convicted.

It’s amazing to see the “no one is above the law” crowd twisting themselves into pretzels to justify this crime. YOU ARE ALL FRAUDS!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

That’s not a grey area – that’s designating a property as a principal residence when it will be used as a principal residence for a family member. That’s as clear as can be.

Also, you apparently missed the part where Zillow shows that she listed the second property for rent, making her intent clear. A Democratic former US Attorney has already said she will very likely be charged and convicted.

It’s amazing to see the “no one is above the law” crowd twisting themselves into pretzels to justify this crime. YOU ARE ALL FRAUDS!!

Zillow is not an authoritative source. It isn't a listing. Who knows why Zillow did this. The only thing that is certain is you are a moron.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

That’s not a grey area – that’s designating a property as a principal residence when it will be used as a principal residence for a family member. That’s as clear as can be.

Also, you apparently missed the part where Zillow shows that she listed the second property for rent, making her intent clear. A Democratic former US Attorney has already said she will very likely be charged and convicted.

It’s amazing to see the “no one is above the law” crowd twisting themselves into pretzels to justify this crime. YOU ARE ALL FRAUDS!!

Zillow is not an authoritative source. It isn't a listing. Who knows why Zillow did this. The only thing that is certain is you are a moron.

The report I saw said she listed it for rent a year and a half after she bought it. We rent out a house that we used to live in. We said it was our primary residence when we bought it. We lived there for a while and then moved. That doesn't make our prior statement false.

[Anonymous]

Pulte is Trumps goon, his hammer is FHFA records, so mortgage fraud is the nail he will use in every occasion, to answer OP’s question

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

There is nothing in your quote that states you can have a relative live in the home and claim it as a primary residence. From your own quote: It is occupied by the owner for the major portion of the year.[u]

Not a relative, or child, or sibling, but the OWNER.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

There is nothing in your quote that states you can have a relative live in the home and claim it as a primary residence. From your own quote: It is occupied by the owner for the major portion of the year.[u]

Not a relative, or child, or sibling, but the OWNER.

"An owner" is the term used in the definition. Again, we do not know who else is listed as an owner on the mortgage because Pulte only selectively released a copy of her signature (fyi - a big violation of Privacy Act and rules around PII).

There's also this, which explains the process for acquiring a mortgage for purposes of primary residence for a disabled family member: https://www.investopedia.com/what-is-a-family-opportunity-mortgage-how-it-works-eligibility-and-benefits-8654115

[Anonymous]

Trump is going after Lisa Cook because she is an easy target. Black woman. In Trump's world, a DEI hire.

And Trump wants to intimidate the Fed. This is the low-hanging fruit for him.

Obviously, Trump's financial crimes are far more substantial. But basic mortgage fraud is not a great look for a Fed governor. And someone like Trump is totally going to take advantage of it.

Cook should have been smarter and not put herself in this position with such a prominent role at the Fed.

[Anonymous]

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

Well, that's how we felt about his prosecution in NYC, so deal with it. You wanted to play.

Well, we're playing.

[Anonymous]

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

Ding ding ding

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You get a lower rate if it’s your primary residence, but you have to swear to that effect.

Donald Trump got a lower rate when he lied to banks about his assets. MAGA said that was fine because he paid the loan.

No, he actually didn’t, which is an important point. He simply made a representation as to what his property was worth in attempting to secure a loan. Properties are worth what someone is willing to pay at any given time, so the banks had an opportunity to conduct their own independent assessment; they did not dispute his assessment and granted the loan. He did not receive any reduced rate, unlike Lisa Cook, and the bank did not suffer any harm.

Lisa Cook just made a representation as to the property. The banks had an opportunity to conduct their own independent assessment and granted the loan. She didn’t get a reduced rate and the bank didn’t suffer any harm.

Are you stupid? There’s no gray area in designating a primary residence – you’re either telling the truth or you’re lying.

There is a lot of gray area in assessing the value of a property. That’s why properties sit on the market for months or a year and have multiple rounds of price reductions. It’s quite normal for a property owner to think their property is worth more than it actually is.

Not to mention the rank hypocrisy of someone being essentially in charge of setting interest rates for the country and also cheating to get a lower interest rate for herself.

Not true at all. Homes bought for the purpose of sheltering a family member - a child, sibling, parent, or other dependent - can count as a "primary" residence for the purposes of F2 underwriting. We don't know if there is a 2nd person on these loans.

Here's the definition from Freddie Mac:

Primary Residence
A Primary Residence is the residential property physically occupied by an owner as the principal home domicile, except as specifically stated in Section 4201.11 for active-duty military Borrowers. Among the criteria the Seller should consider in evaluating whether a property is a principal home domicile are the following:

It is occupied by the owner for the major portion of the year.
It is in a location relatively convenient to the owner's principal place of employment.
It is the address of record for such activities as federal income tax reporting, voter registration, occupational licensing and similar functions.
It possesses the physical characteristics to accommodate the owner's immediate dependent family. These characteristics are those traditional to both the owner and the neighborhood.
The Borrower states an intention to occupy the property as a Primary Residence.

Freddie Mac may, in its discretion, determine that a property is not a Primary Residence.

https://guide.freddiemac.com/app/guide/content/a_id/1001276

There is nothing in your quote that states you can have a relative live in the home and claim it as a primary residence. From your own quote: It is occupied by the owner for the major portion of the year.[u]

Not a relative, or child, or sibling, but the OWNER.

Did her father live in the home. He was listed on the mortgage along with Cook.

[Anonymous]

Anonymous wrote:Trump is going after Lisa Cook because she is an easy target. Black woman. In Trump's world, a DEI hire.

And Trump wants to intimidate the Fed. This is the low-hanging fruit for him.

Obviously, Trump's financial crimes are far more substantial. But basic mortgage fraud is not a great look for a Fed governor. And someone like Trump is totally going to take advantage of it.

Cook should have been smarter and not put herself in this position with such a prominent role at the Fed.

You’ve already convicted her before any accurate evidence had been brought forth. It’s merely an allegation. And she purchased that property before she was on the federal reserve board.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump is going after Lisa Cook because she is an easy target. Black woman. In Trump's world, a DEI hire.

And Trump wants to intimidate the Fed. This is the low-hanging fruit for him.

Obviously, Trump's financial crimes are far more substantial. But basic mortgage fraud is not a great look for a Fed governor. And someone like Trump is totally going to take advantage of it.

Cook should have been smarter and not put herself in this position with such a prominent role at the Fed.

You’ve already convicted her before any accurate evidence had been brought forth. It’s merely an allegation. And she purchased that property before she was on the federal reserve board.

DP. She has already convicted herself. Her “non-denial” denial told the whole story.

Everyone here is twisting themselves into knots trying to justify her fraud: “Maybe it was going to be used as a primary residence for her second cousin - that would be valid, you know!”

When Cook put out a statement, she could’ve said that if it were the case. Instead, she reverted to the training she got from the Leticia James School of Crisis Management and started crying about being “bullied” and that these allegations were made in a tweet, as if that invalidates them, lol.

[Anonymous]

Grifters gonna grift.