[Bitpush] The Director of the Federal Housing Finance Agency, Pulte, today submitted another criminal charge to the Department of Justice regarding Fed Governor Cook's third property in Massachusetts. The charge states that Cook's mortgage amount for an apartment in Massachusetts is $361,000, and Cook claimed that the property was a second home. Eight months later, Cook claimed she had received rental income of $15,000 to $50,000 and listed it as an investment property.
Cook may be involved in Reverse Occupancy Fraud violations, where borrowers purchase properties as investment properties but initially falsely claim them as primary or secondary residences to obtain lower loan rates or more lenient loan terms. Subsequently, the borrowers may adjust the property's use by declaring rental income, thereby meeting the definition of an investment property.
The judge of the case related to The Federal Reserve Board of Governors member Cook is scheduled to hold a hearing this Friday.
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RektRecorder
· 08-31 10:54
Wallet cleared, brain revolution.
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GasFeeNightmare
· 08-31 07:31
Ordinary people would definitely get caught trying this move.
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NewDAOdreamer
· 08-31 05:35
Is this how the directors play?
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RugpullSurvivor
· 08-30 00:53
This loan fraud is played skillfully.
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TaxEvader
· 08-29 04:36
We in Shanghai just finished paying off this small property, and she directly has three trap market makers.
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NftBankruptcyClub
· 08-29 04:36
This method is so low-level.
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SchroedingerAirdrop
· 08-29 04:35
Have all the lawyers come? That's really stupid.
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NotAFinancialAdvice
· 08-29 04:24
A fraudulent loan application that looks good on the surface.
The Federal Reserve Board of Governors member Cook is suspected of a third mortgage fraud, and a hearing will be held on Friday.
[Bitpush] The Director of the Federal Housing Finance Agency, Pulte, today submitted another criminal charge to the Department of Justice regarding Fed Governor Cook's third property in Massachusetts. The charge states that Cook's mortgage amount for an apartment in Massachusetts is $361,000, and Cook claimed that the property was a second home. Eight months later, Cook claimed she had received rental income of $15,000 to $50,000 and listed it as an investment property.
Cook may be involved in Reverse Occupancy Fraud violations, where borrowers purchase properties as investment properties but initially falsely claim them as primary or secondary residences to obtain lower loan rates or more lenient loan terms. Subsequently, the borrowers may adjust the property's use by declaring rental income, thereby meeting the definition of an investment property.
The judge of the case related to The Federal Reserve Board of Governors member Cook is scheduled to hold a hearing this Friday.