FHFA Director Bill Pulte referred Anne Cook to Attorney General Pam Bondi and a DOJ official, alleging she falsified bank documents and property records to secure more favorable mortgage terms. The referral notes a June 18, 2021 $203,000, 15-year mortgage in Ann Arbor requiring one-year occupancy and a July 2, 2021 $540,000, 30-year mortgage in Georgia with a similar primary-residence clause. The referral includes mortgage documents and a 2022 rental listing for the Georgia property, raising questions about owner-occupancy certifications. No charges have been filed, Bondi’s response is unclear, and the Federal Reserve and DOJ declined comment. Cook did not respond to requests for comment. If Cook resigns, a presidential Fed appointment opportunity could affect monetary policy.
Pulte wrote a letter, seen first by Bloomberg News, to Bondi and DOJ official Ed Martin on Aug. 15, alleging that Cook falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute. Pulte also posted the official referral letter on social media platform, X, along with several other posts calling for Cook's resignation.
The letter claims that on June 18, 2021, Cook obtained a $203,000, 15-year mortgage from the University of Michigan Credit Union for a property in Ann Arbor. The loan required her to occupy the home as her primary residence for at least one year. Less than two weeks later, on July 2, 2021, she closed on a $540,000, 30-year mortgage in Georgia, which carried a similar one-year, primary-residence clause.
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