According to a source from the Trump administration, Senator Adam Schiff is reportedly facing a criminal investigation related to mortgage fraud.
Laura Ingraham discussed this on “Ingraham Angle” Tuesday night, mentioning that the U.S. Attorney’s Office in Maryland is looking into the matter, which may involve various charges, including mortgage fraud.
This investigation follows a breakdown in talks where the Federal Housing Finance Agency (FHFA) planned to forward criminal referrals to the Department of Justice (DOJ), amid allegations of forged bank documents and property records aimed at securing better loan terms.
Back in 2011, an affidavit signed by Schiff indicated that he considered his property in Montgomery County, Maryland, as his primary residence.
Additionally, he owns a condominium in Burbank, California. Interestingly, Schiff claimed in 2023 that this Maryland property was his primary residence during his Senate campaign.
Schiff’s office has not responded to inquiries from Fox News Digital regarding this situation.
In May, FHFA’s director sent a letter to Attorney General Pam Bondy and Deputy Attorney General Todd Blanche, reportedly outlining Schiff’s alleged misconduct.
The letter stated that, based on media reports, Schiff has supposedly falsified bank records and asset information to secure better loan terms, impacting payments for his Maryland property from 2003 to 2019.
It was also noted that Fannie Mae, Freddie Mac, and the Federal Mortgage Bank regulator take such allegations very seriously, asserting that mortgage fraud jeopardizes the integrity of their regulatory frameworks and the overall stability of the U.S. mortgage market.
Subsequent communications revealed that Schiff might have engaged in a consistent pattern of misrepresentation related to five Fannie Mae loans.
According to these documents, Schiff and his wife purchased their Maryland home in 2003 for $870,000 and signed a mortgage agreement for $610,000, claiming the property was their main residence.
Despite this, the letter indicated repeated refinancing applications from 2009 to 2013 maintained that the Maryland home was the primary residence, even while Schiff served as an elected official representing California.
Fox News has obtained the 2011 affidavit wherein Schiff confirmed the Maryland home as his primary residence.
It’s reported that the couple didn’t declare the Maryland home as a secondary residence until 2020. During that period, Schiff indicated through media reports that he received a homeowner’s tax exemption for his Burbank condominium, essentially asserting it as his main residence for a significant property tax deduction.
In 2023, a spokesman tried to clarify that Schiff’s main residence is in Burbank, especially in light of his recent Senate campaign.
Federal housing officials believe that Schiff’s actions could violate federal laws against fraud and making false statements to financial institutions.
In summary, it appears Schiff might have manipulated records to gain advantageous loan terms, possibly acknowledging the significant benefits of a primary residence mortgage over one for secondary properties.
A spokesman for Schiff noted that both his California and Maryland addresses are occupied throughout the year and were listed as his main residences for loan purposes to differentiate between properties.
In a related note, a federal judge recently convicted Marilyn Mosby for providing false information regarding her mortgage application for a Florida apartment while she was acting as a lawyer in Baltimore.
