Overview

• A confidential Fannie Mae memo identified potential occupancy misrepresentation on five loans tied to Schiff’s Maryland and California properties, prompting the FHFA to send a criminal referral.
• President Trump amplified the claims in a Truth Social post, asserting Schiff falsely listed his Maryland home as his primary residence from 2009 until 2020.
• Schiff called the allegations a baseless attempt at political retribution and said lenders were aware he occupied both homes year-round.
• No formal charges have been filed and the Justice Department has not indicated whether it will open an investigation following the FHFA referral.
• Legal experts warn that varying lender and jurisdictional definitions of “primary residence” create uncertainty around any mortgage fraud determination.