What were that bank's rates? What were they when she would have explained the mistake to the bank? What are the differences in insurance premiums for primary vs secondaty homes?
You act like this is a nothing crime, but Leticia James and the courts of NY have taught me that loan fraud is a very serious offense - let's not pretend otherwise now.
And wtf, lecturing about the constitution while sporting a "canada belt". Lol
From the article that was posted today:
The documents cited by Pulte, opens new tab include standardized federal mortgage paperwork which stipulates that each loan obtained by Cook for the Atlanta and Michigan properties is meant for a “primary residence.” But documentation reviewed by Reuters for the Atlanta home, filed with a court in Georgia’s Fulton County, clearly says the stipulation exists “unless Lender otherwise agrees in writing.”
The loan estimate, a document prepared by the credit union, states “Property Use: Vacation Home.”
The document appears to help Cook’s case, said two real-estate experts who aren’t involved in representing her. That’s because it indicates that during the loan-application process, she told the lender she intended to use the property as a vacation home.
In another point that could help Cook’s case,
she never requested a tax exemption for the Georgia home as a primary residence, according to property records and a Fulton County tax official.
A separate document reviewed by Reuters, related to a federal form completed by Cook as she obtained security clearance for her role at the Federal Reserve, shows that
in December 2021 she also declared the Atlanta property as a “2nd home.” Though unrelated to the mortgage, the declaration on that document, a supplement to a U.S. government national security form known as SF-86, is consistent with the claim on her Atlanta loan summary.
www.reuters.com
