Federal Reserve Governor Lisa Cook is going to have some ‘splainin’ to do after it was revealed that she is renting out a home she listed as her “primary residence” when filling out mortgage applications.
Charlie LeDuff of the Michigan Enjoyer in a post and video on X exposed Cook’s alleged misdeeds, noting that she “has a bank loan on a ‘secondary home in Massachusetts, which the Trump administration alleges she rents out full-time.”
“A judge might call that mortgage fraud,” LeDuff added.
Cook also owns a condo in Atlanta, which she claims is her primary residence on banking and government documents. The Trump administration alleges there is evidence that she rents that one out too. And that also could be mortgage fraud.
But Cook also has a THIRD home in Ann Arbor, which she also lists as her primary residence on banking and government papers. Lisa must be living in Ann Arbor in the tidy brick house with a columned portico on Jackson Avenue, right?
LeDuff, who visited the third home, indicated it was not exactly in tip-top condition. “The glass in the storm door was filthy with neglect,” he wrote. “A metal lockbox—the kind used by realtors—hung on the door knob. From the porch, I could see a figure sitting at the dining room table. When I knocked, the door slightly cracked open, only to reveal a white man partially visible behind the filthy glass.”
One of the individuals LeDuff spoke to at the home indicated he was renting the home. The author wrote, It’s hard to believe Cook got confused over her mortgage paperwork” because she “is a financial sophisticate, a member of the board of governors of the world’s most powerful central bank.”
Cook allegedly listed two of her properties as primary residences in her 2025 government ethics filings.
Fed Gov. Lisa Cook’s Ann Arbor Pad Is a Rental, Too
— Michigan Enjoyer (@mich_enjoyer) September 2, 2025
The recently fired financial sophisticate has been playing by different rules than the rest of us
By Charlie LeDuff (@Charlieleduff)
Ann Arbor — Lisa Cook’s financial house is on fire. Naturally, there is a Michigan angle to… pic.twitter.com/i7mEDXDa4y
Cook is facing allegations of mortgage fraud involving properties she owns in Massachusetts, Georgia, and Michigan. Federal Housing Finance Agency Director Bill Pulte said she misrepresented her properties to obtain more favorable mortgage rates.
President Donald Trump fired Cook “for cause” last month after demanding that she resign. Cook responded by filing a lawsuit against the president, the Federal Reserve Board of Governors, and Fed Chair Jerome Powell. The suit alleges that the president does not have the authority to fire her.
This isn’t looking good for Cook. Yes, it is likely that many Americans make these types of mistakes when filling out paperwork. But, as LeDuff pointed out, Cook is definitely not one of those people. A person in her position would know better than to list a rental property as a primary residence.
However, it appears many like Cook get away with this because they are in powerful positions. New York Attorney General Letitia James is facing similar allegations, and there are likely plenty more who have done the same. Perhaps at least some of these people might face accountability.