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7h ago

Trump Demands Justice After FHFA Criminal Referral of Schiff’s Mortgage Practices

The Justice Department is reviewing a criminal referral accusing Schiff of improperly designating his Maryland home for more favorable mortgage terms.

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

  • On July 15, President Trump posted that Fannie Mae’s Financial Crimes Division found a “sustained pattern of possible Mortgage Fraud” in Schiff’s residence filings.
  • The Federal Housing Finance Agency forwarded a criminal referral to the Justice Department to investigate Schiff’s mortgage practices.
  • Trump insisted that the California senator be “brought to justice” for claiming a Maryland property as his primary residence to secure lower loan rates.
  • Senator Schiff denied any wrongdoing and characterized the allegations as a partisan effort to retaliate for his role in Trump’s first impeachment and the Russia probe.
  • Legal and real estate experts have highlighted California’s ambiguous primary residence laws, and lenders have stated they were aware of Schiff’s year-round use of both homes.