According to reports, the U.S. Attorney’s Office in Maryland is looking into allegations of mortgage fraud against Senator Adam Schiff after receiving a referral from the Federal Housing Finance Agency (FHFA). According to the referral, Schiff allegedly listed his Maryland house and a California condo in addition to his principal address in order to obtain advantageous mortgage conditions between 2003 and 2019. During the 2009–2013 filing period, he claimed the Maryland home as his primary residence and claimed a tax exemption for the California condo. False statements to financial institutions, bank fraud, and wire fraud are federal statutes that may be involved.
Schiff has characterized the probe as politically motivated retaliation and denies any wrongdoing. According to his office, lenders knew both residences were occupied year-round and neither was a vacation home.