Schiff’s Mortgage Fraud Allegations
Schiff, a Democrat from California and one of the leading figures in Trump’s first impeachment trial, faces allegations tied to his California and Maryland property transactions – where evidence suggests that he made fraudulent/perjurious statements on various mortgage documents.
The investigation comes a month after a story broke about the Federal Housing Finance Agency (FHFA) sending a criminal referral to the Department of Justice (DOJ) alleging that Schiff, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms.
In May, the director of the FHFA sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche alleging misconduct by Schiff.
“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. “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.”
The Schiff probe, like James’, is being conducted by special prosecutor Ed Martin.
