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Treasury Secretary Scott Bessent's past mortgage filings, where he listed two homes as his principal residence simultaneously, have come under scrutiny. This mirrors a similar case involving Federal Reserve Governor Lisa Cook, who faces accusations of mortgage fraud. While President Trump attempted to fire Cook based on these allegations, a judge blocked the dismissal. Mortgage experts argue neither Bessent nor Cook committed fraud, as lenders were aware of their property usage. Bessent's attorney called a Bloomberg report on the matter "nonsensical."

Prepared by Lauren Mitchell and reviewed by editorial team.