Trump accuses Adam Schiff of mortgage fraud, explained
Share this @internewscast.com

Left: Senator Adam Schiff (D-CA) attends a Senate Committee on Environment and Public Works hearing concerning President Trump’s budget request for the EPA, in Washington DC, on Wednesday, May 21, 2025 (Photo by Aaron Schwartz/Sipa USA)(Sipa via AP Images). Right: President Donald Trump delivers remarks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025, in Washington (AP Photo/Evan Vucci).

President Donald Trump took time on Tuesday morning to post on social media, accusing his long-standing opponent Sen. Adam Schiff, D-Calif., of “possible Mortgage fraud,” raising the issue of whether another prominent Democrat might be targeted by the administration’s investigations.

On his platform Truth Social, Trump asserted that a division in the congressionally established mortgage buyer Fannie Mae has uncovered some evidence indicating a “sustained pattern of possible Mortgage Fraud” by Schiff — a charge Schiff has condemned as “false” and “baseless.”

“I have always suspected Shifty Adam Shiff [sic] was a scam artist. And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud,” the president wrote. “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.”

Calling Schiff a “crook,” Trump next sketched out the purported details of the “very serious” alleged “FRAUD” for which the senator must “be brought to justice.”

“I always knew Adam Schiff was a Crook. The FRAUD began with the refinance of his Maryland property on February 6, 2009, and continued through multiple transactions until the Maryland property was correctly designated as a second home on October 13, 2020. Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to be brought to justice,” Trump continued.

Law&Crime reached out to Schiff’s office to inquire about whether there was any such internal Fannie Mae conclusion and for comment in response to the president’s claims.

In an answer, a spokesperson for Schiff’s office said the claims are “baseless,” “debunked” and an act of desperation by a president in sore need of a distraction from his base’s outrage over the administration’s handling of the “Epstein files.”

“Donald Trump’s latest effort at political retaliation and retribution will fail. These baseless allegations have been previously debunked. It’s clear that President Trump is trying to desperately smear Senator Schiff in order to distract from his Epstein files problems, and he is continuing his pattern of abusing his power to attack his political rivals,” the spokesperson told Law&Crime.

The Trump administration earlier this year similarly accused New York Attorney General Letitia James, another prominent Democrat, of mortgage fraud. The DOJ reportedly launched a probe in response to a criminal referral. James has called the allegation “baseless” and an act of “retribution,” potentially over her civil fraud trial win against the Trump Organization and the president in his individual capacity.

The Schiff spokesperson added that mortgage lenders were “well aware” of the then-U.S. rep’s “year-round” bicoastal living arrangement and that there was complete transparency on the issue.

“As is routine for a member of Congress representing a district thousands of miles away from Washington with kids to raise, then-Representative Schiff made the decision to buy a home in Maryland. He also maintained a home in California where he lived when not in Washington,” the statement went on. “The lenders who provided the mortgages for both homes were well aware of then-Representative Schiff’s Congressional service and of his intended year-round use of both homes, neither of which were vacation homes. He has always been completely transparent about this.”

Share this @internewscast.com
You May Also Like

Lawsuit Claims Nursing Home Neglect Resulted in Tragic Death from Stage 4 Bedsore After Brief Rehab Stay

Inset: Robert Spadacini (German Rubenstein/Michael Hill Trial Law). Background: The New York…

Trump’s Fiery Message to Biden’s Freed Prisoners Fuels Judge’s Decision Against Supermax Detention

Attorney General Pam Bondi speaks with reporters in the James Brady Press…

Tragic Dollar Tree Freezer Incident: Anesthesiologist Mom’s Harrowing Hypothermia Death Sparks Lawsuit

Inset: Helen Massiell Garay Sanchez (GoFundMe). Background: The Miami Dollar Tree where…

Authorities Seek Multiple Persons of Interest in Connection to Nancy Guthrie’s Alleged Kidnapping

The FBI, led by Director Kash Patel, is actively pursuing several individuals…

Controversial Financier Jeffrey Epstein’s Death Surfaces in Pre-Dated Announcement, Sparks Global Speculation

Recently unveiled Epstein files have brought new attention to previous events. Jeffrey…

Police Intercept $10 Million Cannabis Operation; Suspects Evade Capture in Nearby Woods

Dramatic footage has captured the moment five men appeared to flee police…

New Email Revelation: Fresh Clues Emerge in Nancy Guthrie Kidnapping Case Amid Concerns of Dismissal

A new email has emerged, reportedly offering to disclose the person behind…

Public Outcry: Demand for Apology Intensifies Over Controversial Town Hall Protest

Calls for a public apology for the way police handled a protest…

Police Chief Condemns ‘Offensive and Unacceptable’ Protest Chants

NSW Police chief Mal Lanyon has called angry chants aimed at police…

Judge Orders Trump Administration to Cover Airfare for Deported Individuals Wishing to Return

Left: Chief U.S. District Judge James Boasberg (U.S. District Courts). Right: President…

Shocking Plot Unveiled: Brisbane Kitchen Hand Accused of Waitress Murder Attempt

A kitchen hand has been charged with attempted murder, after he allegedly…

Maryland Woman Charged in Road Rage Incident Involving Motorcycle with Child Passenger

Authorities in Pennsylvania have recently summoned a Maryland woman for her involvement…