What is going on with all the mortgage fraud?

[Anonymous]

When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

[Anonymous]

Anonymous wrote:When you have every federal agency under your control, you can find anything on anyone. Findings of mortgage fraud is just the beginning. Down the road it may be things like hiring undocumented household help, reckless, driving tickets, and the like.

You can find anything on anyone…who has committed a crime. Are you saying that Democratic criminal activity is rampant?

[Anonymous]

Anonymous wrote:

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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.

If this is true, then it’s case closed- she’s innocent.

Freddie Mac literally has a page on how it’s acceptable to purchase a home for a parent and it qualify as a “primary” residence without the adult child not living there.

https://guide.freddiemac.com/app/guide/section/4201.11

[Anonymous]

Lisa cook - you are fired!

[Anonymous]

Anonymous wrote:

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.

Exactly.
Lisa Cook, you are fired!

[Anonymous]

Anonymous wrote:Lisa cook - you are fired!

Finally.

[Anonymous]

Banana republic time

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lisa cook - you are fired!

Finally.

This unprecedented move is likely to face legal challenges, as the Federal Reserve Act of 1913 allows the president to remove governors only "for cause," typically interpreted as serious misconduct, and may lead to a Supreme Court case.

[Anonymous]

The only way they would have known this is if they actively went searching for it. The administration is looking for low level crimes among their “enemies” that they can prosecute just to disrupt the system further.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lisa cook - you are fired!

Finally.

This unprecedented move is likely to face legal challenges, as the Federal Reserve Act of 1913 allows the president to remove governors only "for cause," typically interpreted as serious misconduct, and may lead to a Supreme Court case.

I guess we’ll now find out if Roberts and co. were serious about trying to distinguish the fed from the other independent agencies. I’m guessing not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lisa cook - you are fired!

Finally.

This unprecedented move is likely to face legal challenges, as the Federal Reserve Act of 1913 allows the president to remove governors only "for cause," typically interpreted as serious misconduct, and may lead to a Supreme Court case.

Uh, mortgage fraud is a federal crime. She has been credibly accused of this and is under investigation by the Department of Justice. It’s a transgression that would meet any definition whatsoever of a “for cause” termination.

[Anonymous]

Mortgage applications ARE NOT PUBLIC FFS.

[Anonymous]

Anonymous wrote:Mortgage applications ARE NOT PUBLIC FFS.

lol. Trump is a lying idiot. Are his tax returns still “under audit” by the IRS. He has been promising to release them since 2016 like every other Presidential candidate did and never did so, I can only guess because he does a whole lot of shady things on his taxes.

[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?

Coming from the source, and given everything the GOP is getting away with, no is is not a crime. Nothing is a crime anymore. Get it? This is about power and getting rid of a black woman from the Fed. White men can do WTFTW but not any one else. That is our country now.

Last time I checked Adam Schiff is a white man so you can stop your racist hate mongering and focus on the true threat which is MAGA rather than all white men.

[Anonymous]

The mortgage fraud is a pre-cursor to a stock market crash like 2009.