Overview

• A 2021 loan estimate from Bank-Fund Staff Federal Credit Union lists the Atlanta property as a “vacation home,” and a later security-clearance questionnaire describes it as a “second home,” according to documents reviewed by multiple outlets.
• Fulton County, Georgia records show Lisa Cook never sought a homestead tax exemption on the Atlanta condo, which would apply only to a primary residence.
• U.S. District Judge Jia Cobb’s preliminary injunction keeps Cook on the Fed Board while her lawsuit proceeds, and the administration has appealed and sought a ruling by Monday ahead of the Sept. 16–17 policy meeting.
• The Justice Department opened a criminal inquiry after FHFA Director Bill Pulte’s referral, and Pulte argues the new paperwork does not resolve whether final mortgage agreements designated the condo as a primary residence.
• Cook denies wrongdoing, her lawyers say she never committed mortgage fraud, and the fast-moving case is emerging as a test of the legal “for cause” standard and the bounds of presidential authority over Fed governors.