Bessent, Like Fed Governor, Made Contradictory Mortgage Pledges

[lostincalifornia]

"US Treasury Secretary Scott Bessent once agreed to occupy two different houses as his “principal residence” at the same time, mortgage documents show — the same kind of contradictory pledges that President Donald Trump has been using to try to oust Federal Reserve Governor Lisa Cook.

Bessent’s conflicting agreements obligated him to occupy homes in New York and Massachusetts as his main residence at the same time in 2007. But there’s no sign of any wrongdoing on his part, mortgage experts say. Rather, his case demonstrates that an incongruity in home-loan filings isn’t necessarily proof of fraud.

Other evidence from Bessent’s mortgages shows that his lender, Bank of America Corp., wasn’t relying on the pledges and never expected him to occupy both homes as primary residences.

Cook’s situation appears similar. She signed mortgage documents in 2021 for a home in Michigan and a condo in Atlanta, saying they would both be her primary residence for the next year. Both agreements, with different credit unions, were conditions for getting loans on the properties, of $203,000 and $540,000, respectively. But a document reviewed by Bloomberg News shows that the lender for Cook’s Georgia property wasn’t expecting her to live there full time. A loan estimate, issued by the credit union weeks before she got the mortgage, refers to it as a “vacation home.”

https://www.bloomberg.com/news/articles/2025-09-17/bessent-like-fed-governor-made-contradictory-mortgage-pledges?srnd=homepage-americas

and it is doubtful if most in the MSM will point this out.

[Celerity]

1. Shame on Bloomberg. This part about Cook is false:

She signed mortgage documents in 2021 for a home in Michigan and a condo in Atlanta, saying they would both be her primary residence for the next year.

That's not true:

Fed governor Lisa Cook declared key property as ‘vacation home’, files show

Document appears to undermine claim from Donald Trump allies that Cook committed mortgage fraud

https://www.theguardian.com/us-news/2025/sep/13/fed-governor-lisa-cook-home

A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home”, according to a document reviewed by Reuters.

The document, dated 28 May 2021, was issued to Cook by her credit union in the weeks before she completed the purchase and shows that she had told the lender that the Atlanta property would not be her primary residence. The document appears to counter other documentation that Cook’s critics have cited in support of their claims that she committed mortgage fraud by reporting two different homes as her primary residence, two independent real-estate experts said.

[Zackzzzz]

2. The Bloomberg Article is Gobbledegook.