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According to a Trump administration source, Senator Adam Schiff from California is currently under investigation for mortgage fraud.
During a segment on “The Ingraham Angle,” Fox News host Laura Ingraham revealed that the U.S. Attorney’s Office in Maryland is conducting a criminal investigation into potential charges related to mortgage fraud against Schiff.
Following a recent story about the Federal Housing Finance Agency (FHFA) sending a criminal referral to the Department of Justice (DOJ), allegations surfaced that Schiff falsified bank documents and property records in order to secure more favorable loan terms.
In an affidavit from 2011, Schiff, who was a congressman at the time, stated that a property in Montgomery County, Maryland, was his primary residence.
Senator Adam Schiff speaking at a news conference in Washington, D.C. (Kevin Dietsch/Getty Images)
Additionally, Schiff claimed a condominium in Burbank, California, as his primary residence during his Senate campaign in 2023.
There has been no immediate response from Schiff’s office regarding these allegations.
The director of the UFHFA sent a letter to the Attorney General and Deputy Attorney General in May, citing potential misconduct by Schiff.
Attorney General Pam Bondi was notified in May of possible misconduct by Schiff. (Tom Williams/CQ-Roll Call, Inc. via Getty Images)
In the letter, it was mentioned that Schiff may have engaged in a pattern of misrepresentation on multiple Fannie Mae loans.
According to the letter, Schiff and his wife purchased a home in Potomac, Maryland, in 2003, and declared it as their primary residence in various mortgage applications over the years.
Senator Adam Schiff is under investigation for mortgage fraud. (Drew Angerer/Getty Images)
The letter also highlighted discrepancies in Schiff’s claims about his primary residence in Maryland and California.
The federal housing official expressed concerns that Schiff’s actions may have violated federal criminal codes related to fraud and false statements.
According to the letter, Schiff’s spokesperson explained that both addresses were listed as primary residences for loan purposes due to year-round occupancy.
Similar cases of false statements on mortgage applications, such as the one involving Marilyn Mosby, have resulted in convictions in the past.
Contributions to this report were made by Fox News Digital’s Danielle Wallace.
