Bessent Made Contradictory Mortgage Pledges Similar to Cook, Documents Show

Mortgage & Loan Agreement Analysis - Bloomberg News reviewed mortgage documents indicating Scott Bessent entered into a conflicting agreement, obligating him to occupy two separate homes as his primary residence from 2007 [1] - Bank of America issued both mortgages on the same day, one for a property in Bedford Hills, New York, and the other in Provincetown, Massachusetts [1] - Bessent's lawyer stated Bank of America was fully aware that the Massachusetts property was not a principal residence, claiming nothing improper about the loan applications [2] - Mortgage experts suggest discrepancies don't necessarily indicate fraud, referencing Lisa Cook's situation as partly similar [2] Legal & Regulatory Implications - Documents showed at least one of Lisa Cook's properties was listed as a vacation home, and the lender didn't expect her to occupy it as her primary residence [2] - The appeals court ruled that Lisa Cook could retain her seat [2] - The court found that President Trump very likely violated her due process rights to defend herself against these mortgage applications [3]