sleepy5136
Well-known member
I’m very confused on why this needs to go to court. I think it should be quite easy to pull up the documents to vet whether there was mortgage fraud or not from Cook.
How low can we go? 30 yr fixed at 3.75% with no fees...
- Thread starter ps99472
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NEW -> Contingent Buyer Assistance Program
We live in the age of blame shifting. It's not me. It's "a paperwork error" or "an innocent mistake". An honorable person would have taken the hit and quietly moved out of the spotlight. Lisa Cook is not that person.
Remember dear reader that in our world today... Personal responsibility, just like taxes, are only for little people.....
en.m.wikipedia.org
“Let me just sort of try to bottom line it,” Honig said. “There’s three properties, okay. Within a two-week stretch, she purchases, she gets a mortgage on a place in Michigan and says that’s her principal residence. Two weeks later, she gets a mortgage on a place in Atlanta in Georgia and says that’s her primary residence. And now there’s a third place in Cambridge that she said was her secondary residence, but she’s actually renting it out.”
Why does this matter? Honig explained that claiming multiple properties as primary residences can yield enormous financial benefits. “Because you get better interest rates. Because you get better tax benefits, that can be worth tens or hundreds of thousands of dollars,” he said.
pjmedia.com
It affirms my suspicion that she used two separate lenders, and they both happened to be credit unions, as I noted was the case on her third fraudulent mortgage. She listed the second property for rent two months after closing on the mortgage that was supposed to be owner-occupied for 12 months. She also didn't list the rental income on her Federal disclosures for 2022 & 2023, so she defrauded the American public and Congress when she was nominated.
Cook’s lawsuit claims that these mortgage loan documents are old news and are all in relation to things that happened before she became a governor. On the contrary, unless circumstances have changed—and there’s no evidence in the public record that they have—Cook is still paying the lower rate and continues to benefit from the misrepresentations she made on loan documents in 2022. Again, if this is mortgage fraud—and Cook is entitled to the presumption of innocence—then the crime is still in progress.
Was the firing of Cook politically motivated? Of course it was. But so was her appointment.
CalBears96
Well-known member
I'm refinancing my 5.875% 7/6 ARM to 5.375% 7/6 ARM, using the $1M relationship program, which knocked off 0.5%, same as what I did when I closed escrow last July.
sgip
Well-known member
We live in the age of blame shifting. It's not me. It's "a paperwork error" or "an innocent mistake". An honorable person would have taken the hit and quietly moved out of the spotlight. Lisa Cook is not that person.
Remember dear reader that in our world today... Personal responsibility, just like taxes, are only for little people.....
Leona Helmsley - Wikipedia
sleepy5136
Well-known member
I would be shocked if they do not have evidence of Cook committing mortgage fraud and publicly calling her out for doing so. It sounds like Cook is trying to save face at this point by "suing" the government which I think is a joke and a waste of tax paying dollars.We live in the age of blame shifting. It's not me. It's "a paperwork error" or "an innocent mistake". An honorable person would have taken the hit and quietly moved out of the spotlight. Lisa Cook is not that person.
Remember dear reader that in our world today... Personal responsibility, just like taxes, are only for little people.....
Leona Helmsley - Wikipedia
morekaos
Well-known member
Even CNN Admits Trump Had Cause to Fire Fed Governor Lisa Cook
According to Honig, Cook purchased three properties in rapid succession under highly questionable circumstances.“Let me just sort of try to bottom line it,” Honig said. “There’s three properties, okay. Within a two-week stretch, she purchases, she gets a mortgage on a place in Michigan and says that’s her principal residence. Two weeks later, she gets a mortgage on a place in Atlanta in Georgia and says that’s her primary residence. And now there’s a third place in Cambridge that she said was her secondary residence, but she’s actually renting it out.”
Why does this matter? Honig explained that claiming multiple properties as primary residences can yield enormous financial benefits. “Because you get better interest rates. Because you get better tax benefits, that can be worth tens or hundreds of thousands of dollars,” he said.
Even CNN Admits Trump Had Cause to Fire Fed Governor Lisa Cook
CNN's Elie Honig argues Trump had valid reasons to fire Fed Governor Lisa Cook amid concerns about her conduct.
pjmedia.com
sleepy5136
Well-known member
So I dug into this a little more and the grey area lies on whether actions committed prior to Cook being in the Fed can be used to get her removed. The alleged mortgage fraud was committed prior to her being in the Fed and not during.
irvinehomeowner
Well-known member
That's getting into some glass housing.
morekaos
Well-known member
This is in essence is what they charged Trump with, lying or exaggerating on an official financial form. In Trump‘s case they said he overinflated pricing in her case she lied about occupancy. In both cases the banks did not complain. It’s difficult for Democrats to cry foul when they’re so proud of the Trump prosecutions. Turnabout is fair play and politics is a Blood sport. This was a brilliant move
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irvinehomeowner
Well-known member
Wait... you are contradicting yourself. You are saying both should be scrutinized the same but only one should be kicked out of their position?
morekaos
Well-known member
Not at all..Trump has already been “charged” and “convicted”. But the voters don’t care and elected him anyway. Cook hasn’t even been charged yet but it’s not up to the voters if she keeps her job, convicted or not. It’s up to Trump. That gives him the opening to terminate with “cause”. Voters have no say.
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sgip
Well-known member
I'd also say there is a difference between calling ones crime a "paperwork error" versus loud and clear statements that any so called crimes "never happened, and so I'll see YOU in court!". Every "charge" will continue to be appealed and litigated through the courts. Eventually the Tamarind Tyrant will have all of his "convictions" tossed because each count was based on clearly biased lawfare. We all know this. What Cook did on her own, by herself is visible and verifiable for anyone to see. It's a crime not befitting the office she was DEI hired for.
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irvinehomeowner
Well-known member
Read what you wrote. You keep spinning it and confusing yourself.Not at all..Trump has already been “charged” and “convicted”. But the voters don’t care and elected him anyway. Cook hasn’t even been charged yet but it’s not up to the voters if she keeps her job, convicted or not. It’s up to Trump. That gives him the opening to terminate with “cause”. Voters have no say.
morekaos
Well-known member
I know what I wrote..and I wasn’t making a moral argument..I was making a political one. Wether they did it or not the outcomes will be different..the voters made their choice but trump will decide Cooks fate…political, not right or wrong… I will be right..again…and as usual
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irvinehomeowner
Well-known member
Exactly. Almost everything you say has political bias. That's the problem. Use your brain not your party affiliation.
Anyways, this thread got derailed.
Buying when interest rates were record low was a good thing, despite people saying prices are higher in low rate environments. I'd rather rent out our house and rent/buy another if we want to move, I didn't realize how good our refi was (thought we were above the 3% line).
Anyways, this thread got derailed.
Buying when interest rates were record low was a good thing, despite people saying prices are higher in low rate environments. I'd rather rent out our house and rent/buy another if we want to move, I didn't realize how good our refi was (thought we were above the 3% line).
Liar Loan
Well-known member
This article makes some great points.
It affirms my suspicion that she used two separate lenders, and they both happened to be credit unions, as I noted was the case on her third fraudulent mortgage. She listed the second property for rent two months after closing on the mortgage that was supposed to be owner-occupied for 12 months. She also didn't list the rental income on her Federal disclosures for 2022 & 2023, so she defrauded the American public and Congress when she was nominated.
If Lisa Cook Committed Mortgage Fraud, Then It’s a Crime Still in Progress
Cook’s lawsuit claims that these mortgage loan documents are old news and are all in relation to things that happened before she became a governor. On the contrary, unless circumstances have changed—and there’s no evidence in the public record that they have—Cook is still paying the lower rate and continues to benefit from the misrepresentations she made on loan documents in 2022. Again, if this is mortgage fraud—and Cook is entitled to the presumption of innocence—then the crime is still in progress.
Was the firing of Cook politically motivated? Of course it was. But so was her appointment.
sgip
Well-known member
Anyone remember what the refinance environment was in 2021? 60-90 days to get a loan processed for most folks. If your 2021 refi closed faster, it was a friggin' miracle....
Evidently, Lisa Cook had a miracles take place for both of her transactions. That can only be as both of her refinance loans closed within 2 weeks of each other June 18th, and July 2nd of 2021. What does this mean dear reader?... Both applications were originated and in process with two different lenders at the same time with both being owner occupied transactions. Any decent fraudster knows you don't dual process, but wait 7-10 days to apply after the first one closes - lowering the risk of discovery by each bank (so I'm told
).
I can't see any excusable way out of this, so resign she must.
Evidently, Lisa Cook had a miracles take place for both of her transactions. That can only be as both of her refinance loans closed within 2 weeks of each other June 18th, and July 2nd of 2021. What does this mean dear reader?... Both applications were originated and in process with two different lenders at the same time with both being owner occupied transactions. Any decent fraudster knows you don't dual process, but wait 7-10 days to apply after the first one closes - lowering the risk of discovery by each bank (so I'm told
).I can't see any excusable way out of this, so resign she must.
irvinehomeowner
Well-known member
That is what you are doing.Just calling strikes and strikes..sorry if you don’t like outcomes.