Sen. Adam Schiff, D-Calif., known as the Trump administration’s accusations of mortgage fraud relating to his Maryland property political retaliation.
Al Drago/Bloomberg
Fannie Mae suspects Sen. Adam Schiff, D-Calif., of mortgage fraud.
President Trump introduced the government-sponsored enterprise’s findings in a Truth Social put up Tuesday. The scheme allegedly includes a Maryland property Schiff has owned since at the least 2009, which he designated as a second dwelling in 2020.
“Mortgage fraud could be very critical, and CROOKED Adam Schiff (now a Senator) must be delivered to justice,” wrote Trump, referring to the lawmaker, who has been a longtime critic of the president.
A spokesperson for the Federal Housing Finance Agency, Fannie Mae’s regulator, declined remark Tuesday, however authorities officers confirmed Trump’s put up to National Mortgage News.
Schiff, a staunch critic of Trump labeled the accusation false and political retaliation in a put up on X Tuesday. The senator, and a spokesperson, known as the accusation a distraction from Trump’s “Epstein information downside”, a reference to feds’ latest downplay of information associated to disgraced financier Jeffrey Epstein.
“As is routine for a member of Congress representing a district 1000’s of miles away from Washington with youngsters to lift, then-Representative Schiff made the choice to purchase a house in Maryland,” a spokesperson for the senator stated. “He additionally maintained a house in California, the place he lived when not in Washington.”
The spokesperson stated the lenders who supplied mortgages for each of Schiff’s houses had been conscious of his meant year-round use of each houses, neither of which had been trip houses.
“He has at all times been fully clear about this,” the assertion learn.
The probe was allegedly carried out by Fannie Mae’s Financial Crimes Division. It’s unclear if the government-sponsored enterprise referred its findings to the Department of Justice for prosecution.
According to Trump, Schiff refinanced the Maryland property in query in 2009, however the president didn’t make clear whether or not Schiff designated it as his major residence on the time. According to congressional guidelines, lawmakers should reside within the state they symbolize, though not essentially the identical district. Schiff has represented a Los Angeles-area district since 2001 and was elected as California senator in 2024.
The senator’s residency was beforehand questioned in 2023, relating to his Burbank, California dwelling and the Maryland property within the Washington, D.C. suburbs.
Schiff is the second high-profile Democrat to be accused of mortgage fraud in latest months, following a federal grand jury investigation towards New York Attorney General Letitia James. Bill Pulte, director of the company he is dubbed as U.S. Federal Housing, has emphasised the regulator’s campaign towards mortgage fraud with a number of initiatives
