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Federal Reserve Governor Lisa Cook is accused of falsely claiming two homes as her primary residence to secure better mortgage terms. But documents reviewed by CNN show that Treasury Secretary Scott Bessent and Labor Secretary Lori Chavez-DeRemer did the same — taking out two mortgages in one year, appearing to list both homes as primary residences.
Yet Cook is the only one under investigation by the Trump administration for mortgage fraud.
On paper, the mortgage documents may seem to raise red flags, since a borrower isn’t supposed to hold two principal-residence mortgages at once. But while their situations differ, all three deny wrongdoing, and each has evidence to back their claims, including documents suggesting Cook told her lender one property was a vacation home, not a primary residence.
With assistance from Federal Housing Finance Agency Director Bill Pulte and Palantir’s artificial intelligence, the administration has combed mortgage records, lodging fraud allegations that seemingly target political opponents: Pulte has also called for mortgage fraud investigations into Democratic Sen. Adam Schiff of California and New York Attorney General Letitia James, both of whom have denied wrongdoing.
“We are looking for mortgage fraud. We brought in Palantir.
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