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Trump Urges DOJ to Charge Schiff Over Alleged Mortgage Fraud

His allegations rest on a Fannie Mae memo alongside an FHFA criminal referral awaiting Justice Department action.

Overview

  • Over the weekend, Trump posted a November 2011 residency declaration on Truth Social and accused Schiff of defrauding lenders to secure lower mortgage rates.
  • A confidential Fannie Mae memo from its Financial Crimes Division noted a sustained pattern of possible occupancy misrepresentation on Schiff’s loans since 2009.
  • In May, FHFA Director William Pulte sent a criminal referral to the Justice Department alleging Schiff falsified bank documents and property records between 2003 and 2019.
  • Schiff has dismissed the claims as baseless political retaliation and defended dual-state homeownership as a routine practice for members of Congress.
  • The Justice Department continues to review the referrals and has not brought any formal charges against Schiff.