Learn English: Treasury Secretary's Mortgage Practices Under Scrutiny (hard)

16 hours, 14 minutes ago

Treasury Secretary's Mortgage Practices Under Scrutiny

US Treasury Secretary Scott Bessent's past mortgage agreements are facing intense scrutiny following reports of simultaneous principal residence claims.

Bloomberg News revealed Bessent pledged two different houses as his primary residence in 2007, raising questions about potential inconsistencies.

Mortgage experts, however, claim there's no evidence of wrongdoing in Bessent's filings, emphasizing the complexities of such documents.

This situation parallels accusations against Federal Reserve Governor Lisa Cook, prompting ongoing political and legal battles.

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Source

Original: The Guardian (Business)

Tags

#Scott Bessent #Mortgage Fraud #US Treasury #Federal Reserve #Lisa Cook

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