The news was reported by a source within Donald Trump’s administration to Fox News.
Host Laura Ingraham revealed the investigation during her show The Ingraham Angle, stating that the U.S. Attorney’s Office in Maryland is handling the case. According to the source, the investigation concerns potential document falsification to secure more favorable mortgage terms.
In May 2024, the Federal Housing Finance Agency (FHFA) submitted a referral to the U.S. Department of Justice, alleging that Schiff repeatedly falsified bank documents and property information to obtain preferential loans.
Among the evidence is a 2011 affidavit in which Schiff listed a home in Montgomery County, Maryland, as his primary residence—despite representing California in Congress.
At the same time, he continued to benefit from primary residence tax exemptions in Burbank, California, receiving a $7,000 property tax discount.
The Maryland home was purchased by the Schiff family in 2003 for $870,000, with a $610,000 mortgage at a 5.625% interest rate for 30 years.
Refinancing documents affirming the property’s status as a “primary residence” were submitted in 2009, 2011, 2012, and 2013.
According to a letter from FHFA Director William Pulte, Schiff may have violated federal laws concerning wire and mail fraud, bank fraud, and the provision of false informatio.
Fox News also obtained an internal document from Fannie Mae’s Financial Crimes Investigation Unit accusing Schiff of systematically misrepresenting his residential address in five different mortgage applications.
