Particle.news
Download on the App Store
15 ARTICLES
·
16h ago

Trump Revives Mortgage Fraud Allegations Against Schiff Following FHFA Criminal Referral

Schiff’s office called the claims baseless as no independent verification of the alleged Fannie Mae findings exists.

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
Image
Image

Overview

  • Trump posted on Truth Social that Fannie Mae’s Financial Crimes Division concluded Schiff misrepresented his Maryland home as a primary residence for better loan terms.
  • The Federal Housing Finance Agency has formally referred the allegations to the Justice Department for potential criminal investigation.
  • No public evidence has emerged to confirm any Fannie Mae inquiry or the fraud determination cited by Trump.
  • Schiff’s spokesperson said both his Maryland and California homes are occupied year-round and denied any impropriety.
  • Dual residency designations for members of Congress are common and subject to ambiguous state rules on primary residence and tax exemptions.