Documents Show Trump Lied About Fed Reserve’s Black Governor Mortgage Fraud Allegations

Nationwide — Federal Reserve Governor Lisa Cook is being vindicated by newly revealed documents that undercut allegations of mortgage fraud leveled by the Trump administration. Financial forms obtained by NBC News show Cook’s Atlanta home was consistently identified as a “vacation home” and never claimed as her primary residence, directly contradicting accusations that she misled lenders. The records suggest that the case against Cook was built on shaky ground and may have been driven more by politics than fact.

At the center of the dispute are claims by President Donald Trump and Federal Housing Finance Agency Director Bill Pulte, who argued that Cook posed as a primary resident of the Atlanta property to obtain better loan terms. Yet, a loan summary from the Bank-Fund Staff Federal Credit Union dated May 2021 explicitly states “Property Use: Vacation Home.” Further review of Fulton County, Georgia, records shows Cook did not seek tax exemptions tied to a primary residence, reinforcing her consistent classification of the property as secondary.

According to NBCS News, another piece of evidence further bolsters Cook’s position. In a national security questionnaire filed with the Biden administration in 2021 and later submitted to the Senate, Cook clearly identified the Atlanta address as her “2nd home.” These disclosures, paired with the absence of any documentation suggesting otherwise, make it increasingly difficult to sustain the Trump administration’s narrative. Critics now argue that officials exaggerated or misrepresented facts in order to discredit Cook.

Despite the mounting evidence in her favor, Pulte escalated the accusations, referring the matter to Attorney General Pam Bondi and claiming Cook falsified records not only in Atlanta but also in Ann Arbor, Michigan. Trump echoed the claims on Truth Social and declared he was removing her from the Federal Reserve. But a federal judge blocked the move, allowing Cook to retain her permanent vote on the Fed’s powerful interest-rate setting committee. The administration has since appealed, but its case appears weakened by the very documents it overlooked.

Cook’s legal team has stood firm, stating in court filings that she “did not ever commit mortgage fraud.” They point to the transparency of her filings and the consistency of her disclosures as proof she acted lawfully. The Federal Reserve, meanwhile, has made clear it will abide by the outcome of her case, underscoring confidence in the judicial process rather than bowing to political pressure.

The episode raises larger questions about credibility within the Trump administration, as the evidence suggests officials advanced allegations that do not hold up to scrutiny. With documentation pointing to her innocence, Cook now stands as both a central figure in defending the independence of the Federal Reserve and as someone whose reputation has been unfairly targeted. The case has become less about her conduct and more about whether the administration attempted to mislead the public in pursuit of a political objective.