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Federal housing official submitted Schiff criminal referral to DOJ over mortgage documents
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Sen. Adam Schiff, D-Calif., has been referred to the Department of Justice for criminal prosecution regarding mortgage documents.
The director of the U.S. Federal Housing Finance Agency (FHFA) sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche in May citing alleged misconduct by Schiff, who owns homes in California and Maryland.
“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, which Fox News obtained on Wednesday. “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.”
On Monday, Pulte received a memo from the Fannie Mae financial crimes investigations concluding that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News has learned.
SCHIFF RESPONDS TO TRUMP ACCUSATIONS, CALLS FOR HIS REMOVAL FROM OFFICE
Adam Schiff was referred to the Department of Justice for criminal prosecution regarding mortgage documents. (Screenshot/HBO)
It is unclear if the Justice Department is pursing action against Schiff at this time, but earlier this week, President Donald Trump did demand his longtime foe be brought to justice for the alleged mortgage fraud scheme.
Fox News Digital reached out to the Justice Department for more information, but they did not immediately respond.
Schiff and his wife purchased a home in Potomac, Maryland, in 2003 for $870,000, according to the letter. They entered into a Fannie Mae-backed mortgage agreement for $610,000 at a rate of 5.625% over a term of 30 years, asserting the property would be their primary and principal residence.
The letter said they reaffirmed that the Maryland home was their primary residence in mortgage refinancing filings in 2009, 2011, 2012 and 2013, despite Schiff being an elected official representing the state of California at the same time.
Fox News obtained a copy of the 2011 affidavit showing Schiff signed certifying that the Maryland house is his primary residence.
Pulte said Schiff and his wife did not list the Maryland home as their secondary residence until 2020.
Over the same time frame, Schiff took a homeowner’s tax exemption on a condo that he owns in Burbank, California, also claiming that home as his primary residence for a $7,000 reduction off of the 1% property tax, Pulte wrote, citing media reports.
In 2023, the letter notes, a spokesperson for Schiff asserted that “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat.”
“Primary residence mortgages receive more favorable loan terms, including lower interest rates, than secondary residence mortgages,” the letter said. “Lenders view secondary residence mortgages as significantly riskier, as a borrower is more likely to continue paying off a primary residence mortgage during any financial hardship. Interest rates on secondary residence mortgages are typically between 0.25-0.50% higher than their primary residence counterparts; however, this gap can widen depending on the lender.”
TRUMP ACCUSES ‘SCAM ARTIST’ SCHIFF OF LYING ABOUT MARYLAND HOME TO COMMIT MORTGAGE FRAUD
The federal housing official wrote that he believes Schiff’s alleged misconduct could be violations of federal criminal codes banning 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.
According to the letter, a spokesperson for Schiff in 2023 told 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.”
Last year, the letter notes, a federal jury convicted Marilyn Mosby of making false statements on a mortgage application for a Florida condominium when she was the Baltimore City state’s attorney.
The letter also cited how a St. Louis man pleaded guilty last month to fraudulently obtaining home mortgages “after the hard work of our agency’s IG and the DOJ.”
“There are unfortunately too many examples of individuals who commit fraud or mortgage fraud,” Pulte wrote. “As always, we look forward to cooperating with the Department of Justice to support any actions that the Department of Justice finds appropriate. U.S. Federal Housing FHFA appreciates the Department of Justice’s support in ensuring the protection of American homebuyers and taxpayers from mortgage fraud and other financial misconduct.”
Trump took to social media on Tuesday demanding Schiff be held accountable.
“I have always suspected Shifty Adam Schiff 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,” Trump wrote in part on TRUTH Social. “Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to be brought to justice.”
Sen. Adam Schiff, D-Calif., in the U.S. Capitol on Tuesday, May 6, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Schiff, a congressman until his 2024 election to the upper chamber, spearheaded the House Intelligence Committee impeachment inquiry into Trump for requesting that Ukraine investigate Joe Biden, whose son Hunter held a lucrative gig at a Ukrainian natural gas company during his vice presidency. Schiff also issued multiple subpoenas and held multiple hearings alleging Trump “colluded” with Russia.
Schiff released a video statement Tuesday reacting to the mortgage fraud claims, saying Trump has long threatened to prosecute him.
“He’s accused me of treason, he’s also accused me of leaking classified information, he’s accused me of fraud, it’s been basically one thing after another, all baseless, all without merit,” Schiff said. “It’s nothing new – but his attacks on the rule of law are more dangerous than ever.”
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SAN FRANCISCO (KRON) — San Francisco District Attorney Brooke Jenkins announced multiple hate crime charges, as well as assault and vandalism charges against an Oakland man for an incident that happened in the Castro District last month.
On Thursday afternoon, Hans Haken pleaded not guilty to one felony count of assault with a deadly weapon, one count of assault with force likely to cause great bodily injury, one count of vandalism, one count of hit-and-run, and one count of reckless driving.
Prosecutors also allege each of the felony assault counts was a hate crime.
“In San Francisco, we have zero tolerance for any hate, hateful acts, certainly that cross the criminal line, and we will do everything that we can to protect our residents from these types of incidents,” said Jenkins at a Thursday afternoon news conference.
It was on May 16, around 5:30 p.m., when prosecutors say Haken spray-painted a homophobic slur on the wall next to Chartreuse by Roje, a gay-owned floral boutique in San Francisco’s Castro District.
“It was a reminder that even though we’re here in Castro, San Francisco, we live in this well-protected bubble that we have created very passionately and strongly, that that can still happen,” said Jeffrey Dumlao, the owner of Chartreuse by Roje. “If anything, that is what’s scary, that it happened here in broad daylight of all times.”
Dumlao says his store had already closed by that time, but Justin Donnelly, who lives above the store, heard the spray-painting and came down to confront the man and tell him to stop.
“He just became very agitated,” Donnelly said. “I tried to remain calm and just tell him, like, sir, you know, I don’t, I don’t, I’m not involved in any of that. I’m just, I live here, right, and this is, this is my home, and you know, this is vandalism.”
Donnelly says when he took a picture of Haken’s license plate, Haken got in the car and tried to run him over. Then, prosecutors say he got out of the car and punched Donnelly in the jaw while uttering homophobic slurs.
“I’m definitely doing a lot better than I was. It’s been, I don’t know, a month or so,” Donnelly said.
He says the incident has shaken him, but he’s been lifted up by the community’s support and law enforcement.
“A lot of people have said, ‘oh my god, I can’t believe something like this could happen in San Francisco, of all places.’ And the fact is that something like this can happen anywhere, but in San Francisco, we don’t stand for it, and we deal with it, so, so that makes me feel good,” Donnelly said.
In announcing the charges, Jenkins pointed out the climate in this country has become more hostile to the LGBTQ community. She says that makes it even more important for elected officials to protect that community, just like they do every other community.
Factors such as declining birth rates and families moving out of the city are contributing to declining enrollment at Denver Public Schools. In turn, it’s reshaping the district’s future.
“I think we’re in a good position, but it’s responsible for us to always be looking in the future and knowing we have to make some adjustments,” said Chuck Carpenter, the district’s CFO.
In a two-year span between this past school year and next, DPS expects a decline in enrollment of around 1,700 students.
“We haven’t really seen anything like this,” said Carpenter in response to the consistent decline.
Because of this trend, the district is facing a $28 million structural deficit over the next five years.
“We have a balanced budget now, and we’re not predicting that we’ll have an unbalanced budget in three years,” said Carpenter. “We’re saying we need to make adjustments over the next three, four years, so that our budgets are balanced.”
DPS’s Director of Campus Planning, Andrew Huber, told CBS Colorado in an interview last month that those adjustments will likely include closing down more schools.
“Additional school closures will be necessary in the upcoming years. When exactly that would be is hard to forecast right now,” said Huber.
The district’s CFO says his biggest takeaway from a recent round of closures is to make sure to give families options for what’s next.
“No one wants their school closed, but the second-best option isn’t going to be the same for every family,” said Carpenter.
This issue could be one Denver faces for years to come.
“We sort of say, how many kids are born here? Because in five years, those kids will be kindergartners,” Carpenter added.
The city’s birth rate peaked in 2005, meaning those babies have already graduated high school. And, according to the Colorado Department of Local Affairs, more young families move out of Denver and into surrounding counties than move into the city.
“I think school consolidation is very — I understand why people want to talk about it, but I think it’s more about, like, how do we make sure that the programs that are offered are rich programs,” said Carpenter.
Carpenter also says the district is closely monitoring some potential cuts to federal grants for students of poverty and language learners. He says those decisions will be made by October for the start of the new fiscal year, and cuts would have a “terrible” impact.
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