Democrat Senator Adam Schiff is under federal criminal investigation after housing authorities referred him to Attorney General Pam Bondi for prosecution in a major mortgage fraud scandal.
According to a letter from FHFA Director William Pulte, Schiff falsely claimed a property in Potomac, Maryland as his primary residence—despite representing California in Congress during the same time period.
The explosive referral makes Schiff the second high-profile Democrat handed over to DOJ prosecutors this year, following similar fraud allegations against New York AG Letitia James.
Schiff Accused of Lying on Government Loan Applications
Pulte says Fannie Mae’s Financial Crimes Division uncovered a “sustained pattern of possible occupancy misrepresentation” involving five government-backed loans between 2003 and 2019.
“Schiff appears to have falsified records to receive favorable loan terms,” Pulte wrote. “Such misconduct jeopardizes the U.S. mortgage market.”
By claiming the Maryland home as a primary residence, Schiff allegedly scored lower interest rates meant for owner-occupied properties—rates he wasn’t legally eligible for.
Meanwhile, Schiff was simultaneously claiming tax breaks on his California home, according to the letter.
Trump: Schiff “Ripped Off
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