Senator Adam Schiff Hit with DOJ Referral Over Alleged Mortgage Fraud

In a stunning development, Senator Adam Schiff, the California Democrat, finds himself in the crosshairs of a criminal referral to the Department of Justice over alleged mortgage fraud. The director of the U.S. Federal Housing Finance Agency (FHFA), William Pulte, dropped a bombshell letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche, accusing Schiff of falsifying documents to snag favorable loan terms on properties in Maryland and California.

According to the allegations, Schiff, who owns homes in both states, misrepresented his primary residence on multiple Fannie Mae loans spanning from 2003 to 2019. The FHFA claims Schiff signed affidavits asserting a Potomac, Maryland, property as his primary residence while simultaneously claiming a homeowner’s tax exemption on a condo in Burbank, California. Double-dipping on ‘primary residence’ benefits? That’s a bold strategy for a seasoned politician who’s built a career on scrutinizing others.

Pulte’s letter, backed by a Fannie Mae financial crimes investigation, suggests a ‘sustained pattern of possible occupancy misrepresentation’ that could violate federal laws on wire fraud, mail fraud, and false statements to financial institutions. The stakes are high—primary residence loans come with lower interest rates compared to secondary homes, a financial edge Schiff allegedly exploited for years.

Adding fuel to the fire, President Donald Trump, a longtime adversary of Schiff, took to social media demanding accountability. Trump called the senator a ‘scam artist’ and insisted on justice for what he described as a serious case of mortgage fraud. Schiff, who recently transitioned from the House to the Senate, has countered by dismissing the accusations as baseless, framing them as part of Trump’s ongoing vendetta against him.

While the Justice Department’s next move remains unclear, the parallels drawn to other high-profile mortgage fraud convictions in Pulte’s letter—like that of former Baltimore prosecutor Marilyn Mosby—suggest this isn’t a matter likely to fade quietly. For a politician who led impeachment efforts against Trump, the irony of facing his own legal scrutiny isn’t lost on anyone. Stay tuned as this saga unfolds.