By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Concealed RepublicanConcealed Republican
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Reading: Adam Schiff Under Federal Criminal Investigation for Mortgage Fraud Scheme [WATCH]
Share
Notification Show More
Font ResizerAa
Font ResizerAa
Concealed RepublicanConcealed Republican
  • News
  • Guns
  • Politics
  • Videos
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Have an existing account? Sign In
Follow US
  • Advertise
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Concealed Republican > Blog > Politics > Adam Schiff Under Federal Criminal Investigation for Mortgage Fraud Scheme [WATCH]
Politics

Adam Schiff Under Federal Criminal Investigation for Mortgage Fraud Scheme [WATCH]

Jim Taft
Last updated: August 7, 2025 3:35 pm
By Jim Taft 5 Min Read
Share
Adam Schiff Under Federal Criminal Investigation for Mortgage Fraud Scheme [WATCH]
SHARE

Sen. Adam Schiff, D-Calif., is under criminal investigation by the U.S. Attorney’s Office in Maryland for alleged mortgage fraud, according to a Trump administration source who spoke with Fox News.

The source confirmed that the investigation is ongoing and stems from a referral submitted to the Department of Justice earlier this year by the Federal Housing Finance Agency (FHFA).

BREAKING:

Sen. Adam Schiff is under criminal investigation for mortgage fraud.

Allegedly he claimed CA & MD homes as “primary residences” on mortgage docs (2003-2020), snagging lower rates & tax breaks.

He also voted in CA while claiming MD residency.

He’s going DOWN! pic.twitter.com/9NVIuCvV9i

— Mila Joy (@MilaLovesJoe) August 6, 2025

Trump’s Sovereign Wealth Fund: What Could It Mean For Your Money?

Fox News host Laura Ingraham revealed the development Tuesday night during a segment of The Ingraham Angle, citing the source familiar with the investigation.

This Could Be the Most Important Video Gun Owners Watch All Year

The FHFA’s referral, sent in May, was based on multiple allegations that Schiff falsified documents in order to obtain more favorable mortgage terms on a property he owns in Potomac, Maryland.

According to the letter written by FHFA Director William Pulte, the alleged misconduct occurred over a span of 16 years.

“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,” Pulte wrote.

“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.”

Fox News reported that the FHFA’s internal investigation concluded Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five separate loans backed by Fannie Mae.

In 2003, Schiff and his wife purchased the Potomac home for $870,000.

They secured a Fannie Mae-backed mortgage for $610,000 at a 5.625% interest rate over a 30-year term by claiming the property would be their primary residence.

According to Pulte’s letter, Schiff reaffirmed that the home was his primary residence during multiple refinancing actions in 2009, 2011, 2012, and 2013, despite serving as a California-based U.S. Representative during that period.

Fox News obtained a 2011 affidavit in which Schiff certified that the Maryland property was his primary residence.

However, Schiff did not designate the Maryland home as a secondary residence until 2020, according to Pulte.

Simultaneously, Schiff claimed a homeowner’s tax exemption on a condominium he owns in Burbank, California.

The exemption reduced his property tax by $7,000 and was based on his representation that the Burbank condo was his primary residence.

In 2023, a spokesperson for Schiff told CNN, “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat.”

The FHFA director cited possible violations of several federal statutes, including wire fraud, mail fraud, bank fraud, and false statements to financial institutions.

“Schiff appears to have falsified records in order to receive favorable loan terms, and also appears to have been aware of the financial benefits of a primary residence mortgage when compared to a secondary residence mortgage,” Pulte wrote.

A spokesperson for Schiff stated in 2023 that both his California and Maryland addresses were listed as primary residences for loan purposes because “they are both occupied throughout the year and to distinguish them from a vacation property.”

The matter drew comparisons to a 2023 conviction of Marilyn Mosby, the former Baltimore City state’s attorney, who was found guilty of making false statements on a mortgage application related to a Florida property.

Her case also involved allegations of occupancy misrepresentation.



Read the full article here

You Might Also Like

REPORT: Police Charge New Jersey Mayor Gina LaPlaca With DUI In Alleged Incident Involving Young Son

Trump Forces Fake News Media to Watch Truth About How His Plan Is Working [WATCH]

FBI Analyst Who Resigned Over Kash Patel Announces Congressional Run

Trump Confirms Rubio Will Lead U.S. Delegation at Russia-Ukraine Peace Talks in Turkey [WATCH]

After a Week of Not-So-Great Headlines, VA’s Spanberger Happy to Grab Another One

Share This Article
Facebook X Email Print
Previous Article NO ONE Expects the DHS Inquisition! NO ONE Expects the DHS Inquisition!
Next Article Netanyahu confirms Israel will take full control of Gaza Strip Netanyahu confirms Israel will take full control of Gaza Strip
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Dad Confesses to Killing Baby Emmanuel, Dumping His Body in Trash [WATCH]
Dad Confesses to Killing Baby Emmanuel, Dumping His Body in Trash [WATCH]
Politics
Federal Grand Jury in SoCal Indicts Two Surgery Center Workers for ICE Capades
Federal Grand Jury in SoCal Indicts Two Surgery Center Workers for ICE Capades
Politics
Post-Shooting Reactions Vary, But We Need to Be Rational
Post-Shooting Reactions Vary, But We Need to Be Rational
News
Dave Landau calls out ‘the science’ in wake of Minneapolis school shooting
Dave Landau calls out ‘the science’ in wake of Minneapolis school shooting
News
Jerry Jones explains Cowboys’ stunning Micah Parsons trade to Packers
Jerry Jones explains Cowboys’ stunning Micah Parsons trade to Packers
News
JD Vance Completely Obliterates Jen Psaki Over Her Terrible Response After School Shooting [WATCH]
JD Vance Completely Obliterates Jen Psaki Over Her Terrible Response After School Shooting [WATCH]
Politics
© 2025 Concealed Republican. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?