Lisa Cook, the Federal Reserve governor who US President Donald Trump wants to fire for alleged mortgage fraud, declared on multiple documents that an Atlanta condominium at the centre of the controversy was a vacation home.
The documents, seen by the Financial Times, appear to contradict allegations by Federal Housing Finance Agency director Bill Pulte, a Trump ally and frequent critic of the central bank, that Cook had claimed the Atlanta condo and another property in Michigan were both her principal residences.
The first document, a letter from the Bank-Fund Staff Federal Credit Union dated May 28 2021, shows estimates of costs associated with the purchase of a $625,000 property in Atlanta, Georgia. The loan estimate states the property would be used as a vacation home.