Has the Fed's case against Koch now been reversed? Loan institution documents support that his Atlanta property is a "vacation home."

According to a document, Lisa Cook, a member of the Federal Reserve Board, declared a property purchased in Atlanta in a loan estimate document as a "vacation home." The document, dated May 28, 2021, was issued by Cook's credit union a few weeks before her purchase, and it stated that Cook had informed the lending institution that the property would not be used as a primary residence. Two independent real estate experts pointed out that this document appears to contradict other materials cited by Cook's critics - the latter supporting allegations that Cook declared both the Atlanta and Ann Arbor, Michigan properties as "primary residences," constituting mortgage fraud. This development comes at a critical time for the Federal Reserve, which will hold a monetary policy meeting next week in which Cook will participate. Cook has not commented on the matter yet, but she has previously denied any improper behavior regarding the properties, which also include a residence in Ann Arbor, Michigan, and an investment property in Massachusetts. Government officials led by Bill Pulte, director of the Federal Housing Finance Agency, have accused Cook of falsely declaring her primary residence in Atlanta and Michigan in mortgage loan documents to increase her loan and tax burden. Pulte referred the matter to the Department of Justice, triggering a federal investigation, and subsequently President Trump ordered her dismissal. Cook, who is still serving at the Federal Reserve, has filed a lawsuit against the president to challenge her dismissal. Pulte and the Federal Housing Finance Agency (FHFA) he heads have not responded to requests for comment, and it is unclear if they were aware of the estimated contents of Cook's loan in Atlanta. The federal Uniform Residential Loan Application referenced by Pulte indicated both properties as "primary residences." However, the Atlanta property file showed that the clause had a written exception: "unless the lender agrees in writing otherwise." Additionally, the loan estimate document prepared by the credit union labeled the property as a "vacation home." Two real estate experts who were not involved in Cook's representation believe that this document is favorable to Cook's case because she clearly informed the lending institution that the property was intended for use as a vacation home during the loan application process. Furthermore, based on property records and statements from Fulton County tax officials, Cook never requested to have the Georgia property designated as a primary residence for tax exemption purposes. Another federal form related to Cook's December 2021 Federal Reserve security clearance application (Supplemental Form SF-86) indicated that she had declared the Atlanta property as a "second home," consistent with the statement of it being a "vacation home" in the loan summary. Although this does not involve a mortgage, it further supports the consistency of her declaration. It is worth mentioning that the allegations against Cook have also sparked controversy over Trump's attempts to increase political influence over the independent institution of the Federal Reserve. Since returning to the White House this year, Trump has repeatedly criticized Federal Reserve members for being unwilling to lower interest rates. This controversy has also led to questions about the financial status of other government officials and their families - for example, Pulte's father and stepmother had their tax-exempt status revoked and were charged back taxes by a Michigan town for declaring primary residences in two different states. Currently, Pulte and his parents have not responded to requests for comment.