Treasury Secretary Scott Bessent’s 2007 mortgages for homes in upstate New York and Massachusetts were issued under a customized private-banking facility that identified the properties as secondary residences and did not price the loans on owner-occupancy, according to documents reviewed by Breitbart News.

The materials undercut comparisons to Federal Reserve Governor Lisa Cook’s mortgage controversy highlighted in a Bloomberg report .

The documents describe a $21 million financing package arranged by Bank of America for Bessent when he was a hedge-fund manager. In a letter, a Bank of America managing director said the lender “underst[ood] and agree[d] that the Bedford and Provincetown properties were secondary residences,” noting the bank “was well aware that your primary residence wa

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