Trump accuses Adam Schiff of mortgage fraud, explained
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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.”

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