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2mo ago

Trump Accuses Adam Schiff of Mortgage Fraud After FHFA Criminal Referral

Following leaked internal Fannie Mae documents outlining possible loan misrepresentation, regulators have forwarded a criminal referral to the Justice Department.

U.S. Senator Adam Schiff (D-CA) attends a hearing organized by Democrats in the House of Representatives and Senate about the Trump administration's treatment of the Justice Department and law firms who act in cases disliked by the Republican president, on Capitol Hill in Washington, D.C., U.S., April 7, 2025. REUTERS/Elizabeth Frantz/File Photo
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Overview

  • President Trump posted on Truth Social that Fannie Mae’s Financial Crimes Division concluded Senator Adam Schiff engaged in a sustained pattern of possible mortgage fraud by misdesignating his Maryland home as his primary residence.
  • The Federal Housing Finance Agency has formally sent a criminal referral to the Justice Department for potential prosecution of Schiff, citing occupancy misrepresentation on his loan applications.
  • A confidential Fannie Mae memo reportedly found misrepresentation on five loans between 2009 and 2020, fueling disputes over dual-home filings under ambiguous residency rules.
  • Schiff denies any wrongdoing, calling the allegations politically motivated retaliation and stressing that his lenders were fully informed of his year-round use of both properties.
  • No formal charges have been filed as regulators and Fannie Mae continue their reviews while media outlets examine the evidence and broader concerns over politicized legal processes persist.