According to a Trump administration source, Sen. Adam Schiff (D-CA) is facing federal investigation for alleged mortgage fraud after a federal housing agency sent a criminal referral to the Justice Department in May regarding his ownership of a Maryland home.
Fox News’ “Ingraham Angle” host Laura Ingraham first broke the news during her show late Tuesday.
UPDATE: Criminal probe into @SenAdamSchiff is underway.
Sources tell The Ingraham Angle the U.S. Attorney’s Office in Maryland is investigating Adam Schiff for possible mortgage fraud — tied to false claims about his “primary residence.”
We exposed this story first. And we’re… pic.twitter.com/1n80zotVxX
— Laura Ingraham (@IngrahamAngle) August 6, 2025
According to the Trump source, the US Attorney’s Office in Maryland is leading the probe, which could result in charges against Schiff.
Federal Housing Finance Agency (FHFA) Director William Pulte sent a referral letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche on May 27 detailing “multiple instances” between 2003 and 2019 when Schiff allegedly “falsified bank documents and property records to acquire more favorable loan terms, impacting payments” for property he owns in Potomac, Md. — which is one of the most affluent Washington, DC, suburbs.
According to homebuilder Pulte, Schiff, listed the Maryland home as his primary residence in several mortgage refinancing filings between 2009 and 2013, despite being an elected official representing the Golden State and having taken out a homeowner’s tax exemption on a Burbank, Calif., condo he purchased — which he also claimed as his primary residence — over the same time period.
However, reports indicate that Schiff and his wife did not list the Potomac property as a secondary residence until 2020.
“Mr. 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 as a spokesperson in 2023 told the media outlet CNN that, ‘Adam’s California and Maryland addresses have been listed as primary residences for loan purposes because they are both occupied throughout the year and to distinguish them from a vacation property,’” the letter explained.
Schiff may have violated federal laws against wire fraud, mail fraud, bank fraud and making false statements to financial institutions, Pulte said.
When allegations of the criminal referral surfaced last month, Schiff denied any wrongdoing in messages posted on X.
“Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason. So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot,” the senator wrote.
“This is just Donald Trump’s latest attempt at political retaliation against his perceived enemies,” Schiff added. “So it is not a surprise, only how weak this false allegation turns out to be. And much as Trump may hope, this smear will not distract from his Epstein files problem.”