Reply to What is going on with all the mortgage fraud?

Forum Index » Political Discussion

Reply to "What is going on with all the mortgage fraud?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=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?

[twitter]https://x.com/pulte/status/1958111353505189889[/twitter][/quote]

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.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics