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Timeline of 'scam artist' Adam Schiff's mortgage fraud allegations stretching back years
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Longtime President Donald Trump political foe Democrat California Sen. Adam Schiff was referred to the Department of Justice to face criminal prosecution over alleged mortgage fraud that reportedly stretches back years.
Schiff, who was elected to the Senate in the 2024 election cycle following decades as a House lawmaker, is under scrutiny after the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in “multiple instances,” Schiff allegedly “falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.”
FHFA is an independent federal agency that oversees Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
This week, Trump publicly lambasted Schiff over the alleged mortgage fraud, while Fannie Mae’s financial crimes investigations concluded Monday in a letter to the FHFA that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News Digital previously reported this week.
WATCH: ADAM SCHIFF SILENT AFTER TRUMP ACCUSED HIM OF MORTGAGE FRAUD
President Donald Trump highlighted 2024 allegations of mortgage fraud against Sen. Adam Schiff, claims that Schiff has denied. (Getty Images)
“I have always suspected Shifty Adam Schiff was a scam artist,” Trump posted to Truth Social Tuesday. “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.”
“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. 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.”
Potomac, Maryland, is a suburb of Washington, D.C., located just more than 10 miles away from the nation’s capital across the Maryland border.
FEDERAL HOUSING OFFICIAL SUBMITTED SCHIFF CRIMINAL REFERRAL TO DOJ OVER MORTGAGE DOCUMENTS
Trump and Schiff have long been political foes, which was underscored during Trump’s first administration when Schiff served as the lead House manager during the first impeachment trial against Trump in 2020 and when Schiff repeatedly promoted claims that Trump’s 2016 campaign colluded with Russia
Adam Schiff served as the lead House manager during the first impeachment trial against Trump in 2020. (Drew Angerer/Getty Images)
Fox News Digital took a look back at the timeline of Schiff’s Maryland home, and when the public was first made aware in 2023 of allegations that Schiff claimed a more than 3,000-square-foot home in the suburbs of Washington as his primary residence, while taking a homeowner’s tax exemption on a small condo in his home state of California.
TRUMP ACCUSES ‘SCAM ARTIST’ SCHIFF OF LYING ABOUT MARYLAND HOME TO COMMIT MORTGAGE FRAUD
Timeline:
- 2003: Then-Congressman Schiff and his wife purchase a home in Potomac, Maryland, for $870,000, and sign a Fannie Mae-backed mortgage agreement for $610,000 at a rate of 5.625% over a term of 30 years. The mortgage asserts the property was their primary and principal residence, according to the FHFA letter to the Department of Justice (DOJ).
- 2009: Schiff purchases Burbank, California, condominium, CNN later reported in 2023. Schiff was serving as a U.S. House lawmaker at the time, representing the state’s 29th District in Southern California outside of Los Angeles.
- 2009; 2011; 2012; 2013: Schiff reaffirms the Potomac, Maryland, home as their principal residence in mortgage refinancing those years, according to the FHFA letter to the DOJ.
- 2017: Schiff reportedly pays his California property taxes with a check showing his Maryland address, CNN reported in 2023.
- 2020: Schiff refinances his mortgage and lists his Maryland home as his secondary residence.
- June 2022: Schiff posts a photo of himself in front of his Maryland home wearing an “I voted” sticker on the day of Los Angeles’ Democratic primary for the mayoral race. He captioned the photo on X: “California! Los Angeles! Voters are voting!” Schiff’s spokesperson explained to CNN in 2023 that he voted by mail that year and was in Washington for votes.
- January 2023: Schiff announces Senate run after then-California Democratic Sen. Dianne Feinstein announced she would not run for re-election.
- November 2023: CNN publishes first news article detailing that Schiff had claimed the Maryland home as a primary residence while also taking a homeowner’s tax exemption on the Burbank, California, condo. The outlet reported that real estate legal experts found Schiff was “likely not in any legal jeopardy” over the matter, but that the issue could hamper his election efforts with California voters.
- November 2023: Schiff’s Senate campaign responds to the mortgage claims, saying, “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat. As Adam has discussed openly many times over the years, including in his recent New York Times best-selling book, he and (his wife) made the difficult decision to move their family to the D.C. area to spend more time with his children while doing his job.” The campaign added that Schiff’s two properties were listed as primary residences “for loan purposes because they are both occupied throughout the year and to distinguish them from a vacation property.”
- 2024: Schiff wins Senate election and Trump wins presidential election.
- May 2025: FHFA Director William Pulte sends the criminal referral over Schiff’s mortgages and residence to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche.
- July 14, 2025: Pulte receives 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 Digital learned.
- July 15, 2025: Trump blasts Schiff on Truth Social over the mortgage claims, calling the senator a “scam artist.”
- July 15, 2025: Schiff responds to Trump’s message on X, saying, “This is just Donald Trump’s latest attempt at political retaliation against his perceived enemies. 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.”
President Donald Trump speaks during a lunch with African leaders in the State Dining Room of the White House, July 9, 2025. (AP Photo/Evan Vucci)
LETITIA JAMES REAPS WHAT SHE SOWS AFTER LEVELING ‘LAUGHABLE’ CASE AT TRUMP: EXPERT
The investigation into Schiff’s mortgages and homes follows a similar mortgage investigation earlier in 2025 focused on New York Attorney General Letitia James, who is also a longtime political Trump foe. The FHFA sent a criminal referral to the Department of Justice in April arguing the attorney general appeared to have falsified mortgage records to obtain more favorable loans.
At the heart of that case is a Norfolk, Virginia, home James purchased in 2023, which she identified on mortgage documents and a Fannie Mae/Freddie Mac form as a property that would serve as her primary residence, according to the FHFA letter from April. James is legally required to live in New York as a statewide elected official in the Empire State.
Fox News Digital reached out to Schiff’s office for additional comment on the matter, but did not immediately receive a reply.
Fox News Digital’s Danielle Wallace and Michael Dorgan contributed to this report.
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INDIANAPOLIS — Oregon’s Kenyon Sadiq ran the fastest 40-yard dash of any tight end at the NFL Scouting Combine since at least 2003, posting a blazing time of 4.39 seconds on Friday.
Sadiq’s official time bested the previous mark of 4.40 seconds, set by Vernon Davis in 2006 and tied by Dorin Dickerson in 2010.
The 6-foot-3 1/8, 241-pound Sadiq was expected to be a standout during the workout portion of the event, and he started the night with a broad jump of 11-1. It was the highest mark of the 2026 combine among tight ends before Vanderbilt’s Eli Stowers topped it a few minutes later with a jump of 11-3.
Sadiq shined in the vertical leap, too, jumping 43 1/2 inches, only to be outdone by Stowers shortly thereafter after he posted a jump of 45 1/2 inches, the best mark by a TE since at least 2003.
SALT LAKE CITY — A controversial Utah proposal to crack down on the presence of immigrants in the country illegally that had seemed stalled gained new life Friday, passing muster in new form in a relatively narrow vote.
In a 39-33 vote, the Utah House approved HB386 — amended with portions of HB88, which stalled in the House on Monday — and the revamped measure now goes to the Utah Senate for consideration.
The reworked version of HB386, originally meant just to repeal outdated immigration legislation, now also contains provisions prohibiting immigrants in the country illegally from being able to tap into in-state university tuition, certain home loan programs and certain professional licensing.
The new HB386 isn’t as far-reaching as HB88, which also would have prohibited immigrants in the country illegally from being able to access certain public benefits like food at food pantries, immunizations for communicable diseases and emergency housing.
Moreover, Rep. Trevor Lee, R-Layton and the HB88 sponsor, stressed that the new provisions in HB386 wouldn’t impact immigrants in the country legally. He touted HB88 as a means of making sure taxpayer money isn’t funneled to programming that immigrants in the country illegally can tap.
Rep. Lisa Shepherd, R-Provo, the HB386 sponsor, sounded a similar message, referencing, with chagrin, the provision allowing certain students in the country illegally to access lower in-state tuition rates at Utah’s public universities. Because of such provisions “we’re taking care of other countries’ children first, and I want to take care of Utahns first. In my campaign I ran and said Utahns first and this bill will put Utahns first,” she said.
If we stop young folks who have lived here much of their life from going to school and getting an education, it is really clear to me that we have hurt that person. It’s not clear to me at all that we have benefitted the rest of us.
–Rep. Ray Ward, R-Bountiful
The relatively narrow 39-33 vote, atypical in the GOP-dominated Utah Legislature, followed several other narrow, hotly contested procedural votes to formally amend HB386. Foes, including both Democrats and Republicans, took particular umbrage with provisions prohibiting immigrants in the country illegally from being able to pay in-state tuition and access certain scholarships.
As is, students in the country illegally who have attended high school for at least three years in Utah and meet other guidelines may pay lower in-state tuition, but if they have to pay out-of-state tuition instead, they could no longer afford to go to college.
“If we stop young folks who have lived here much of their life from going to school and getting an education, it is really clear to me that we have hurt that person. It’s not clear to me at all that we have benefitted the rest of us,” said Rep. Ray Ward, R-Bountiful.
Rep. Hoang Nguyen, D-Salt Lake City, noted her own hardscrabble upbringing as an immigrant from Vietnam and said the changes outlined in the reworked version of HB386 run counter to what she believes Utah stands for.
“I fear that what we’re doing here in Utah is we are eroding what truly makes Utah special, the Utah way. We are starting to adopt policies that are regressive and don’t take care of people. Utahns are one thing. Citizens are one thing. People is the first thing,” she said.
Rep. John Arthur, D-Cottonwood Heights, said the measure sends a negative message to the immigrant students impacted.
“If we pass this bill today, colleagues, we will be telling these young people — again, who have graduated from our high schools, these kids who have gone to at least three years of school here — that you’re no longer a Utahn,” he said.
If we are compassionate to those who come the legal way and we are compassionate to those who already live here, that does not mean that we lack compassion for others in other ways.
–Rep. Kristen Chevrier, R-Highland
Rep. Kristen Chevrier, R-Highland, said the debate underscores a “fallacy” about compassion. She backed the reworked version of HB386, saying Utah resources should be first spend on those in the country legally.
“If we are compassionate to those who come the legal way and we are compassionate to those who already live here, that does not mean that we lack compassion for others in other ways,” she said.
The original version of HB386 calls for repeal of immigration laws on the books that are outdated because other triggering requirements have not been met or they run counter to federal law.
The Key Takeaways for this article were generated with the assistance of large language models and reviewed by our editorial team. The article, itself, is solely human-written.
A 26-year-old man had an argument with a co-worker before allegedly fatally shooting the colleague in Washington Heights, prosecutors said Friday.
Bobby Martin, who was charged with first-degree murder Thursday, made his first appearance Friday in Cook County court.
Martin, is accused of killing his co-worker, Antoine Alexander, 32, in a parking lot at 9411 S Ashland Ave about 3:30 p.m. on Tuesday, according to Chicago police.
Prosecutors said Martin and Alexander worked together at an armed security company and got into a verbal altercation inside the guard shack on Tuesday afternoon. During the altercation, prosecutors said Alexander removed his bullet proof vest and threw it to the ground. A witness, another co-worker, then told the defendant and the victim to take the altercation outside.
After stepping outside, the defendant pulled his firearm and fired one shot into the victims abdomen, prosecutors said. The victim’s firearm was holstered at the time of the argument and the shooting. The defendant fled the scene and came into contact with another co-worker, whom he told that he had just shot Alexander.
Alexander was then taken to Advocate Christ Medical Center in Oak Lawn, where he was pronounced dead.
Martin was arrested by authorities three blocks from his home approximately 20 minutes after the shooting, prosecutors said.
Martin was detained and will appear in court again on March 17, authorities said.
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