Posted on 07/17/2025 3:54:27 PM PDT by NoLibZone
In a shocking new development, President Donald Trump’s longtime political adversary, Democrat Sen. Adam Schiff (D-CA), is facing criminal prosecution after a bombshell referral from the U.S. Federal Housing Finance Agency (FHFA) over alleged mortgage fraud spanning years.
The FHFA has formally alerted the Department of Justice (DOJ) of the evidence, triggering an investigation into Schiff’s actions following a series of mortgage-related allegations.
Schiff, who was elected to the Senate in 2024 after years of serving as a House lawmaker, is under intense scrutiny after Trump announced the charges earlier this week.
It was revealed that between 2003 and 2019, Schiff may have falsified documents related to his Maryland-based property to secure more favorable loan terms.
The property in question is located in Potomac, Maryland, just outside Washington, D.C.
According to the FHFA’s referral, Schiff allegedly manipulated bank documents and property records, a clear violation of federal housing rules.
The details of the case are particularly troubling.
Fannie Mae’s financial crimes investigations concluded earlier this week, revealing that Schiff may have engaged in “a sustained pattern of possible occupancy misrepresentation” across five loans.
This suggests that Schiff intentionally misrepresented his primary residence status in order to secure lower mortgage rates, potentially defrauding taxpayers and benefiting from millions in unearned financial advantages.
Trump, never one to shy away from calling out his political foes, wasted no time in blasting “scam artist” Schiff over the allegations.
On Truth Social, Trump posted, “I have always suspected Shifty Adam Schiff was a scam artist.
“And now I learn that Fannie Mae’s Financial Crimes Division has concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.”
Trump went on to highlight the gravity of Schiff’s alleged actions, stating:
“Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA.
Such bombastic language ... “DOOMED”. He’s not doomed; he doesn’t GAS. It’s additional cred for his brand.
CA will never desert its Schiff or it would have already done so long ago.
Still wondering how many NYS pols are cheating on their STAR applications...
Let him walk, with a felony conviction.
See how he likes it.
Exactly. Tish James is still running around with no repercussions from her mortgage fraud.
They’ve known about this for a while now. It’s not like they had no clue. They’ve been sitting on it for political reasons.
Nobody who cares can actually do anything.
Nobody who can actually do anything cares.
We now return you to your regularly scheduled program.
Is it being claimed that his loans on his CA property also claimed primary residence? That would be a slam dunk case, IMO. Otherwise, if the loan(s) on his CA properties during that time were for 2nd home, mortgage fraud would be a stretch since that would indicate intent to occupy the MD home as primary. Not sure residency in one’s state/district has the same definition, and CA homeowners exemption would use a state definition and be a state issue instead of Fed. As much as I despise this guy and would like to see him out of politics, I’m just not seeing it. Does the accusation hinge on using the same definition of primary residence between state and federal and/or between lending and eligibility for office? Could steer a cruise ship through those holes.
Well, I’d propose that he didn’t buy both at the same time and must disclose all his assets which would include his property in California. As such, he must disclose his California home as his primary residence. If not then he’d have to reclassify prior to being granted a primary residence home in Maryland. However, it sounds like he’s done this across 5 properties so ya he’s committed fraud.
He claimed his California condo as his primary residence to get favorable rates at the same time he was claiming his Maryland residence his primary. So it’s not about where he lives, it about the double claim. He can only have one primary residence.
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