Overview

• The US Attorney’s Office in Maryland has formally launched a criminal investigation into Senator Adam Schiff’s mortgage filings.
• FHFA Director William Pulte referred Schiff’s case to the Justice Department in May after reviewing a Fannie Mae memo alleging occupancy misrepresentation across five loans.
• The Fannie Mae memo claims Schiff falsely designated both his Burbank and Potomac homes as primary residences to obtain preferential mortgage terms.
• The FHFA referral cites alleged document falsifications affecting payments on Schiff’s Maryland property from 2003 to 2019.
• No charges have been filed yet as the Department of Justice continues its review of the evidence.