Federal Housing Official Submitted Schiff Criminal Referral To Doj Over Mortgage Documents

Sen. Adam Schiff, D-Calif., has been referred to nan Department of Justice for criminal prosecution regarding owe documents. 

The head of nan U.S. Federal Housing Finance Agency (FHFA) sent a missive to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche successful May citing alleged misconduct by Schiff, who owns homes successful California and Maryland. 

"Based connected media reports, Mr. Adam B. Schiff has, successful aggregate instances, falsified slope documents and spot records to get much favorable indebtedness terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property," FHFA Director William Pulte wrote successful nan letter, which Fox News obtained connected Wednesday. "As regulator of Fannie Mae, Freddie Mac, and nan Federal Home Loan Banks, we return very earnestly allegations of owe fraud aliases different criminal activity. Such misconduct jeopardizes nan information and soundness of FHFA’s regulated entities and nan information and stableness of nan U.S. owe market." 

On Monday, Pulte received a memo from nan Fannie Mae financial crimes investigations concluding that Schiff allegedly engaged successful "a sustained shape of imaginable occupancy misrepresentation" connected 5 Fannie Mae loans, Fox News has learned. 

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It is unclear if nan Justice Department is pursing action against Schiff astatine this time, but earlier this week, President Donald Trump did request his longtime foe beryllium brought to justness for nan alleged owe fraud scheme. 

Fox News Digital reached retired to nan Justice Department for much information, but they did not instantly respond.

Schiff and his woman purchased a location successful Potomac, Maryland, successful 2003 for $870,000, according to nan letter. They entered into a Fannie Mae-backed owe statement for $610,000 astatine a complaint of 5.625% complete a word of 30 years, asserting nan spot would beryllium their superior and main residence. 

The missive said they reaffirmed that nan Maryland location was their superior residence successful owe refinancing filings successful 2009, 2011, 2012 and 2013, contempt Schiff being an elected charismatic representing nan authorities of California astatine nan aforesaid time. 

Fox News obtained a transcript of nan 2011 affidavit showing Schiff signed certifying that nan Maryland location is his superior residence. 

Pulte said Schiff and his woman did not database nan Maryland location arsenic their secondary residence until 2020. 

Over nan aforesaid clip frame, Schiff took a homeowner’s taxation exemption connected a condo that he owns successful Burbank, California, besides claiming that location arsenic his superior residence for a $7,000 simplification disconnected of nan 1% spot tax, Pulte wrote, citing media reports. 

In 2023, nan missive notes, a spokesperson for Schiff asserted that "Adam’s superior residence is Burbank, California, and will stay truthful erstwhile he wins nan Senate seat."

"Primary residence mortgages person much favorable indebtedness terms, including little liking rates, than secondary residence mortgages," nan missive said. "Lenders position secondary residence mortgages arsenic importantly riskier, arsenic a borrower is much apt to proceed paying disconnected a superior residence owe during immoderate financial hardship. Interest rates connected secondary residence mortgages are typically betwixt 0.25-0.50% higher than their superior residence counterparts; however, this spread tin widen depending connected nan lender." 

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The national lodging charismatic wrote that he believes Schiff's alleged misconduct could beryllium violations of national criminal codes banning ligament fraud, message fraud, slope fraud and mendacious statements to financial institutions. 

Schiff "appears to person falsified records successful bid to person favorable indebtedness terms, and besides appears to person been alert of nan financial benefits of a superior residence owe erstwhile compared to a secondary residence mortgage," Pulte wrote. 

According to nan letter, a spokesperson for Schiff successful 2023 told CNN that, "Adam’s California and Maryland addresses person been listed arsenic superior residences for indebtedness purposes because they are some occupied passim nan twelvemonth and to separate them from a picnic property." 

Last year, nan missive notes, a national assemblage convicted Marilyn Mosby of making mendacious statements connected a owe exertion for a Florida condominium erstwhile she was nan Baltimore City state’s attorney. 

The missive besides cited really a St. Louis man pleaded blameworthy past period to fraudulently obtaining location mortgages "after nan difficult activity of our agency’s IG and nan DOJ." 

"There are unluckily excessively galore examples of individuals who perpetrate fraud aliases owe fraud," Pulte wrote. "As always, we look guardant to cooperating pinch nan Department of Justice to support immoderate actions that nan Department of Justice finds appropriate. U.S. Federal Housing FHFA appreciates nan Department of Justice’s support successful ensuring nan protection of American homebuyers and taxpayers from owe fraud and different financial misconduct."

Trump took to societal media connected Tuesday demanding Schiff beryllium held accountable. 

"I person ever suspected Shifty Adam Schiff was a scam artist. And now I study that Fannie Mae’s Financial Crimes Division person concluded that Adam Schiff has engaged successful a sustained shape of imaginable Mortgage Fraud," Trump wrote successful portion connected TRUTH Social. "Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to beryllium brought to justice." 

Sen. Adam Schiff, D-Calif., successful nan U.S. Capitol connected Tuesday, May 6, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Schiff, a congressman until his 2024 predetermination to nan precocious chamber, spearheaded nan House Intelligence Committee impeachment enquiry into Trump for requesting that Ukraine analyse Joe Biden, whose boy Hunter held a lucrative gig astatine a Ukrainian earthy state institution during his vice presidency. Schiff besides issued aggregate subpoenas and held aggregate hearings alleging Trump "colluded" pinch Russia. 

Schiff released a video connection Tuesday reacting to nan owe fraud claims, saying Trump has agelong threatened to prosecute him. 

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"He's accused maine of treason, he's besides accused maine of leaking classified information, he's accused maine of fraud, it's been fundamentally 1 point aft another, each baseless, each without merit," Schiff said. "It's thing caller – but his attacks connected nan norm of rule are much vulnerable than ever."