Sen. Adam Schiff under federal criminal investigation for alleged mortgage fraud violations
Sen. Adam Schiff, D-Calif., is under criminal investigation for mortgage fraud, a Trump administration source told Fox News.Fox News host Laura Ingraham broke the news on Tuesday night on “The Ingraham Angle,” saying the source said a criminal investigation is being conducted by the US Attorney’s Office in Maryland on possible charges involving mortgage fraud.The investigation comes a month after a story broke about the Federal Housing Finance Agency (FHFA) sending a criminal referral to the Department of Justice (DOJ) alleging that Schiff, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms.In a 2011 affidavit signed by the then-California congressman, Schiff certified that a property in Montgomery County, Maryland, is his primary residence.Schiff also owns a condominium in Burbank, California, which he has also claimed as his primary residence as recently as 2023, during his campaign for Senate.Schiff’s office did not immediately respond to Fox News Digital’s request for comment on the matter.The director of the UFHFA sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche in May citing alleged misconduct by Schiff.“Based on media reports, Mr.Adam B.
Schiff has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property,” FHFA Director William Pulte wrote in the letter.“As regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, we take very seriously allegations of mortgage fraud or other criminal activity.
Such misconduct jeopardizes the safety and soundness of FHFA’s regulated entities and the security and stability of the U.S.mortgage market.” Pulte later received a memo from the Fannie Mae financial crimes investigations concluding that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresent...