Group 1 - U.S. Treasury Secretary Scott Bessent is reported to have agreed to occupy two different homes as his "principal residence," which has drawn parallels to allegations of mortgage fraud against Federal Reserve Governor Lisa Cook [1][3] - Mortgage experts indicated that there is no evidence of wrongdoing in Bessent's home-loan filings, suggesting that the issue reflects inconsistencies in mortgage documents rather than fraud [2] - Bank of America did not expect Bessent to occupy both homes as primary residences, as indicated in the mortgage documents [2] Group 2 - President Trump has accused Cook of mortgage fraud, a claim she denies, and has sought to remove her from her position [3][5] - A U.S. appeals court has denied Trump's attempt to fire Cook, and the White House plans to appeal this decision to the U.S. Supreme Court [5] - Cook's loan estimate for a property in Atlanta classified it as a "vacation home," and local authorities confirmed she did not violate tax rules for her primary residence [6]
US Treasury's Bessent made contradictory mortgage pledges, Bloomberg reports