September 3, 2025

IT’S GOOD TO BE THE NOMENKLATURA: If Lisa Cook Committed Mortgage Fraud, Then It’s a Crime Still in Progress.

Note that the text states that Cook, in the space of two weeks during 2022, claimed two different homes as her main residence; the government alleges that she did this in order to obtain better loan terms. Banks charge a lower interest rate for an owner-occupied primary residence because, should a borrower come under financial distress, lenders assume the borrower will default on an occupied home loan last.

Cook was a public official acting in one of the most important bank supervision roles in all of government. She has been credibly accused, and has not denied, signing two different loan agreements in which she claimed to be entitled to a lower interest rate.

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.

It does appear to still be in progress, putting lie to Cook’s claim that “private conduct before taking office does not amount to cause.”

Posted at 1:46 pm by Stephen Green