California Democratic Sen. Adam Schiff is under criminal investigation for alleged mortgage fraud.

The U.S. Attorney’s Office in Maryland is conducting the investigation, which could lead to charges related to mortgage fraud. The development follows reports from a month earlier that the Federal Housing Finance Agency (FHFA) had submitted a criminal referral to the Department of Justice, accusing Schiff of falsifying bank documents and property records on multiple occasions to secure more favorable loan terms, Fox reported.

In a 2011 affidavit, then-Congressman Adam Schiff certified that a property located in Montgomery County, Maryland, was his primary residence.

Schiff also owns a condominium in Burbank, California, which he listed as his primary residence as recently as 2023 while campaigning for the U.S. Senate.

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In May, the director of the Federal Housing Finance Agency (FHFA) sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche outlining 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 noted further.

Pulte later received a memo from Fannie Mae’s financial crimes investigations unit alleging that Sen. Adam Schiff engaged in “a sustained pattern of possible occupancy misrepresentation” involving five Fannie Mae-backed loans.

According to the letter, Schiff and his wife purchased a home in Potomac, Md., in 2003 for $870,000. They secured a Fannie Mae-backed mortgage for $610,000 with a 30-year term at an interest rate of 5.625%, claiming the property would serve as their primary and principal residence.

The letter states that Schiff and his wife repeatedly affirmed the Maryland property as their primary residence in mortgage refinancing documents filed in 2009, 2011, 2012, and 2013—even as Schiff was serving as a U.S. Representative for the state of California.

Fox News obtained a copy of the 2011 affidavit in which Schiff signed a declaration certifying the Maryland home as his primary residence.

According to Pulte, the couple did not designate the Maryland property as a secondary residence until 2020, Fox noted further.

During the same period, Schiff claimed a homeowner’s tax exemption on a condominium he owns in Burbank, California—asserting it as his primary residence and receiving a $7,000 reduction on the 1% property tax, Pulte wrote, citing media reports.

Schiff “appears to have falsified records in order to receive favorable loan terms, and also appears to have been aware of the financial benefits of a primary residence mortgage when compared to a secondary residence mortgage,” Pulte wrote.

When asked about the ongoing investigation being conducted by the Justice Department into the allegations of mortgage fraud that he committed, Schiff appeared to have a little quiver in his voice on Sunday.

“Meet the Press” host Kristen Welker was the first to quote from a post that President Donald Trump made on Truth Social in July. In the post, Trump stated, “Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.”

“The common denominator there is they will manufacture anything to do after their critics,” Schiff alleged.

New York Post columnist Mirana Devine wrote in response to Schiff’s interview that “the notorious Russia-hoaxer looked like a frightened rabbit caught in the spotlight.”

“He should be nervous,” she said.

“Schiff’s attempts to dismiss the allegations against him as ‘retribution’ or part of a campaign of ‘lawfare’ by an ‘authoritarian’ president are not only hilariously hypocritical but miss an important point,” she added.

WATCH:

Sen. Adam Schiff (D-CA) is confronted about his blatant mortgage fraud.

He doesn’t deny that he committed it, he just says he’s “been very open” and “there’s no there there.”

Only problem, we’ve already seen the documents. He’s guilty of mortgage fraud.pic.twitter.com/gi7Z8vaRRg

— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) August 25, 2025