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Lisa Cook Declared Her Second Residence as ‘Vacation Home,’ Potentially Undercutting Fraud Allegations: Report

Documents show Fed Governor Lisa Cook declared her Atlanta property a vacation home, challenging mortgage fraud claims and supporting her continued role amid political controversy.

  • Federal Reserve Governor Lisa Cook classified a condominium she bought in Atlanta in June 2021 as a non-primary residence in a loan estimate dated May 28, 2021.
  • The Trump administration accused Cook of mortgage fraud by alleging she claimed both the Atlanta condo and a Michigan home as her primary residence simultaneously, prompting efforts to fire her.
  • Cook never requested a homestead tax exemption on the Atlanta property, and she declared it as a second home on a security clearance form, which could contradict the administration’s claims.
  • Bill Pulte, Federal Housing Finance Agency director and Trump appointee, referred Cook’s case to the Justice Department, which opened a federal investigation while Cook secured an injunction to remain a Fed governor.
  • Cook’s case highlights a rare presidential effort to remove a Fed governor amid broader attempts to influence the Federal Reserve’s interest rate policies, with the administration appealing court rulings as the Fed plans a rate decision.
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Fed Governor Lisa Cook claimed 2nd residence as 'vacation home,' undercutting Trump fraud claims

Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate.

·United States
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Political Wire broke the news in New York, United States on Friday, September 12, 2025.
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