US EditionBessent lawyer hits ‘nonsensical’ report on past mortgage claims
Both officials had mortgage documents listing two principal residences; legal rulings blocked removal attempts amid debates on mortgage fraud claims affecting Federal Reserve roles.
- Scott Bessent, U.S. Treasury Secretary, was reported to have designated two homes as his principal residence simultaneously in mortgage paperwork from 2007, according to Bloomberg.
- Mortgage experts stated that Bessent's situation was not fraudulent, as lenders understood the nature of the financing and had no complaints.
- Federal appeals courts have ruled that Lisa Cook can remain on the Federal Reserve Board amid Trump's attempts to dismiss her over similar mortgage allegations.
- Bessent's attorney claimed there was nothing improper about the mortgage applications, emphasizing that all paperwork was filled out properly and acknowledged by the bank.
7 Articles
7 Articles
Did Treasury Secretary Commit Same 'Fraud' Attributed To Fed Governor Cook?
Treasury Secretary Scott Bessent is under fire over home-loan filings that look strikingly similar to the discrepancies that President Donald Trump’s administration has been using to try to oust Federal Reserve Governor Lisa Cook.Bloomberg reported that Bessent signed agreements designating two homes—one in Bedford Hills, New York, and another in Provincetown, Massachusetts—as his “principal residence” on the same day in 2007. Mortgage experts t…
Scott Bessent’s mortgage history undercuts Trump’s case to oust Fed governor Lisa Cook
When President Donald Trump moved to fire Federal Reserve Governor Lisa Cook this summer, he accused her of “potentially criminal conduct,” citing mortgage documents that appeared to show her pledging two different homes as her primary residence. But records show Treasury Secretary Scott Bessent once made nearly identical declarations without consequence.Related: Scott Bessent threatened to punch a fellow Trump official in the ‘f***ing face,’ Po…
Bessent lawyer hits ‘nonsensical’ report on past mortgage claims
Treasury Secretary Scott Bessent’s lawyer is pushing back on reporting that the secretary had two principal residences, an accusation President Trump had also leveled against Federal Reserve board of governors member Lisa Cook as cause to fire her from the central bank. Bloomberg reported that Bessent’s mortgage documents show he agreed to occupy two houses,…
Report: Treasury Secretary’s Past Mortgage Filings Mirror Fed Governor Controversy
WASHINGTON – Treasury Secretary Scott Bessent once declared two different homes his “principal residence” on the same day in 2007, a move similar to the mortgage filings that President Donald Trump cited in trying to oust Federal Reserve Governor Lisa Cook, Bloomberg reported. Documents show Bessent’s Bedford Hills, N.Y., and Provincetown, Mass., homes were each […]
Treasury Secretary Mortgage Applications Mirror Those of Federal Reserve Governor Trump Has Accused of Fraud
Scott Bessent had mortgage paperwork for two 'principal residences' at the same time — a similar situation to Lisa Cook, who President Trump is trying to…
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