Sen. Adam Schiff Faces Federal Mortgage Fraud Investigation

California Senator Adam Schiff is now the subject of a federal criminal investigation led by the U.S. Attorney’s Office in Maryland over allegations of mortgage fraud charges that, if proven, could carry serious legal consequences.

The probe was first revealed publicly by Fox News host Laura Ingraham during her program The Ingraham Angle. According to Ingraham, the inquiry stems from a formal complaint submitted earlier this year by William J. Pulte, Director of the Federal Housing Finance Agency (FHFA), to U.S. Attorney General Pam Bondi and Deputy Attorney General Todd Blanche.

Pulte’s letter alleges that Schiff, on multiple occasions, falsified bank records and property documents to obtain more favorable mortgage terms for a property in Potomac, Maryland, between 2003 and 2019.

Details of the Allegations

Public records show that Schiff and his wife purchased the Maryland home in 2003 for $870,000, securing a Fannie Mae-backed mortgage of $610,000 at 5.625% over 30 years. At the time, they declared the property as their primary residence a designation that typically qualifies borrowers for lower interest rates.

According to Pulte’s claims, Schiff continued to reaffirm the Maryland property as his primary residence in refinancing applications filed in 2009, 2011, 2012, and 2013, even while serving as a congressional representative for California. Fox News reports that it has obtained a 2011 affidavit signed by Schiff attesting to this primary residence status.

However, during much of that same period, Schiff reportedly claimed a homeowner’s tax exemption on a separate property a condo in Burbank, California which he also listed as his primary residence. This apparent double-claim raises legal questions about whether he provided false statements to financial institutions.

The Potomac property was not officially designated as a secondary residence until 2020, Pulte said.

Potential Legal Violations

If substantiated, the allegations could fall under multiple federal statutes, including:

• Wire Fraud
• Mail Fraud
• Bank Fraud
• False Statements to Financial Institutions

Such charges can carry severe penalties, including significant fines and possible prison terms.

Political Firestorm

Former President Donald Trump, who has a long and contentious history with Schiff particularly over Schiff’s role as lead investigator in Trump’s first impeachment responded forcefully on Truth Social.

“I always suspected Shifty Adam Schiff was a scam artist,” Trump wrote. “Fannie Mae’s Financial Crimes Division has concluded Schiff engaged in a sustained pattern of possible mortgage fraud… He needs to be brought to justice.”

Trump alleged that Schiff misrepresented his residency to secure a cheaper mortgage, calling the practice a “rip-off of America.”

Schiff’s Response

Schiff dismissed the accusations as politically motivated retaliation, framing them as the latest in a long line of attacks since he spearheaded Trump’s impeachment inquiry.

In a video statement posted online, Schiff argued that owning homes on both coasts is common for members of Congress, given their need to split time between Washington, D.C., and their home states.

“This is Donald Trump trying to bring about political retribution trying to distract from his own problems,” Schiff said. “This is a terrible abuse of power. Presidents threatening to prosecute their political opponents is the stuff of dictatorships. I will not be intimidated.”

Schiff vowed to continue pursuing what he called accountability for Trump’s “corruption and malfeasance.”

What Happens Next

The U.S. Attorney’s Office in Maryland has not released any formal charges, and the investigation is ongoing. If prosecutors decide to move forward, Schiff could face an indictment a rare but not unprecedented occurrence for a sitting U.S. senator.

Given the political stakes, this case could become one of the most closely watched legal and political battles heading into the 2026 midterm election cycle. For direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.