BREAKING: Sen. Adam Schiff referred for criminal prosecution over mortgage scheme

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From Fox News: Sen. Adam Schiff, D-Calif., has been referred to the Department of Justice for criminal prosecution regarding mortgage documents.

The director of the U.S. Federal Housing Finance Agency (FHFA) sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche in May citing alleged misconduct by Schiff, who owns homes in California and Maryland.

“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, which Fox News obtained on Wednesday. “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.”

On Monday, Pulte received a memo from the Fannie Mae financial crimes investigations concluding that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News has learned.

The letter from Pulte calling for criminal prosecution was actually sent to the DOJ on May 27, but has just now been released publicly.

President Donald Trump got wind of the case and blasted Schiff in a Truth Social post on Tuesday.

Fox Business anchor Elizabeth McDonald shared the following details on X Wednesday afternoon:

Democrat Senator Adam Schiff’s office is not answering our questions on where he is registered to vote. He is under a Fannie Mae investigation and possible Justice Dept. probe for wrongly declaring to banks he has two primary residences, which is against multiple laws. Other Democrats like Barack Obama have explicitly stated where they are registered to vote.

Adam Schiff has lived for 22 years with his family at his $1.1M home in Potomac, Md. even though he represents California. He says many lawmakers have arrangements like this, but they have one primary residence in their home states where they are registered to vote. This is the first time we’ve seen a Senator declare two primary residences, which is not allowed under federal or state tax law, mortgage law, the IRS/tax code, insurance or electoral laws.

Fannie Mae investigators found his Burbank, California condo that Schiff bought years after his Potomac purchase is only 691 square feet and is a one bedroom that is too small to house any family of four, “raising doubts about their true occupancy intent.”

Fannie Mae investigators also found this slipperiness, that he told a bank that refinanced his Maryland mortgage that his California condo is his primary residence, but that his “Maryland property could be considered a primary residence for insurance underwriting purposes.”

Meaning, to possibly lower his home insurance costs. Plus he took property tax exemptions on his Burbank condo even though he has declared his Maryland home as his primary residence. That’s not allowed under California state law.

The Fannie Mae Financial Crime Investigations unit concluded that Schiff “engaged in a sustained pattern of possible occupancy misrepresentation” on his home loans between 2009 and 2020.

Fox News host Laura Ingraham addressed the case on her show Tuesday night. WATCH:

Rep. Anna Paulina Luna (R-Fla.) wrote on X Tuesday, “I successfully censured the disgraced Adam Schiff for lying to Congress. So it does not surprise me that he is being accused of mortgage fraud & more lies. He has now been hit with a criminal referral, and if found guilty should be punished to the full extent of the law. Americans should expect better from their elected leaders.”

Schiff went into defense mode on Tuesday, after President Donald Trump called for an investigation into the matter.

“Donald Trump is calling for me to be criminally prosecuted. It’s nothing new – but his attacks on the rule of law are more dangerous than ever,” Schiff claimed.

Also…. there’s this:

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