Investigation into Sen. Adam Schiff
Sources from the Trump administration have indicated that Sen. Adam Schiff (D-CA) is currently under investigation for alleged mortgage fraud. This inquiry is being carried out by the US Attorney’s Office in Maryland, stemming from a criminal referral by the Federal Housing Finance Agency (FHFA).
On Tuesday evening, Fox News reported these ongoing allegations concerning mortgage fraud involving Schiff. The investigation is, as mentioned, under the jurisdiction of the US Attorney’s Office in Maryland and follows a referral from the FHFA to the Department of Justice.
Documents obtained by Fox News suggest that Schiff may have falsified bank statements and property records to secure more favorable loan conditions multiple times. A letter from FHFA Director William Prute, dated May 2025, expressed concerns that Schiff’s actions posed risks to the stability of both the FHFA’s regulated entities and the broader US mortgage market.
According to the letter, Schiff and his wife bought a home in Potomac, Maryland, for $870,000 back in 2003, securing a $610,000 mortgage from Fannie Mae, contingent upon the house being their primary residence. Despite this, Schiff continued representing California in Congress while claiming homeowner exemptions on another property in Burbank, California.
The FHFA also noted that Schiff reaffirmed the Maryland residence as his primary home during refinancing from 2009 to 2013; however, it wasn’t until 2020 that his office started listing that property as a secondary residence. Meanwhile, the California condo also claimed to be the primary residence, qualifying for a property tax reduction of $7,000.
Reports indicate that Fannie Mae’s Financial Crimes Investigations unit found evidence of what they describe as a “persistent pattern of misrepresentation” across five loans associated with Schiff. The FHFA has pointed to potential violations involving wire fraud, mail fraud, bank fraud, and making false statements to financial institutions.
Additionally, Fox News obtained a 2011 affidavit signed by Schiff, which declared Maryland as his primary residence at that time.
A spokesperson for Schiff stated in 2023 that both the Maryland and California properties are occupied year-round, clarifying that they differentiate between holiday homes. The spokesperson emphasized that both addresses were listed as primary residences “for loan purposes.”
Earlier this July, prior to the Fox News report, former President Donald Trump accused Schiff of forging loan documents and labeled him a “con man.” Trump referred to Schiff’s actions as “mortgage fraud,” asserting that he has significant evidence against him and calling for Schiff to face serious consequences.
