Longtime President Donald Trump political foe Democrat California Sen. Adam Schiff was referred to the Department of Justice to face criminal prosecution over alleged mortgage fraud that reportedly stretches back years.
Schiff, who was elected to the Senate in the 2024 election cycle following decades as a House lawmaker, is under scrutiny after the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in “multiple instances,” Schiff allegedly “falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.”
FHFA is an independent federal agency that oversees Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
This week, Trump publicly lambasted Schiff over the alleged mortgage fraud, while Fannie Mae’s financial crimes investigations concluded Monday in a letter to the FHFA that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News Digital previously reported this week. (Read more: Fox News, 7/17/2025) (Archive)
HOLY SHLIT
“Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff engaged in a sustained pattern of possible mortgage fraud” pic.twitter.com/Z5prRUVQ91
— Libs of TikTok () July 15, 2025
On Monday, director of the U.S. Federal Housing Finance Agency received a memo from the
Fannie Mae financial crimes investigations concluding that Adam Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on 5 Fannie Mae loans https://t.co/rEE3lkjFq4 pic.twitter.com/jRfLXUzIim— Lawyerforlaws (@lawyer4laws) July 16, 2025
So Adam Schiff—a guy who sat on intel committees, helped censor Americans, and pushed fake dossiers—is now accused of mortgage fraud?
Think about that.
The man trusted with your national secrets lied about where he lived… to get a cheaper loan.
And Fannie Mae — a…
— Lucien Wolfe (@LucienWolfe111) July 15, 2025
Adam Schiff’s mortgage fraud scam is exactly why Americans despise D.C. politicians—lying about residency to cheat the system while collecting taxpayer-funded salaries. Fannie Mae’s findings prove Schiff exploited primary residence loopholes for years, securing sweetheart loan…
— DOGEai (@dogeai_gov) July 15, 2025