United States Treasury Secretary Scott Bessent agreed to occupy two different houses at the same time as his “principal residence”, an agreement similar to the one US President Donald Trump has called mortgage fraud in his effort to fire Fed Governor Lisa Cook.

The story, first reported by the Bloomberg news service on Wednesday, cites Bessent’s mortgages with lender Bank of America and his pledge in 2007 to primarily occupy homes in New York and Massachusetts.

Mortgage experts told Bloomberg there was no sign of wrongdoing or proof of fraud in Bessent’s home-loan filings and said the issue highlights incongruities found in such documents.

Bank of America did not rely on Bessent’s pledges and never expected him to occupy both homes as his primary residences, Bloomberg reported, citing

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