Sen. Adam Schiff, D-Calif., is reportedly the subject of a criminal investigation by the U.S. Attorney’s Office in Maryland related to alleged mortgage fraud, according to a Fox News report citing a source from the Trump administration.

Fox News host Laura Ingraham broke the news on Tuesday’s edition of The Ingraham Angle, citing confirmation from a federal source that the investigation could lead to charges tied to falsifying property records and bank documents in order to obtain more favorable mortgage terms.

The investigation follows an earlier criminal referral submitted by the Federal Housing Finance Agency (FHFA) to the Department of Justice, accusing Schiff of deceptive practices that may have spanned over a decade.

At the core of the case are conflicting residency claims surrounding Schiff’s real estate holdings. According to FHFA Director William Pulte, Schiff repeatedly claimed a home in Potomac, Maryland as his primary residence between 2003 and 2019—a designation that allowed him and his wife to secure a Fannie Mae-backed mortgage at more favorable rates.

But Schiff simultaneously listed a condo in Burbank, California—where he has long served as a U.S. Representative—as his primary residence on state documents. In 2023, while running for the U.S. Senate, his spokesperson told CNN that, “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat.”

The FHFA letter noted that Schiff claimed California’s homeowner’s tax exemption, receiving a $7,000 property tax reduction, while also certifying the Maryland home as his primary residence in multiple refinancing documents filed in 2009, 2011, 2012, and 2013.

“Mr. Adam B. Schiff has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms,” FHFA Director Pulte wrote in a letter to the DOJ.

Fox News also revealed that Fannie Mae’s financial crimes unit accused Schiff of engaging in a “sustained pattern of possible occupancy misrepresentation” involving five separate Fannie Mae-backed loans.

Schiff’s office has so far declined to respond to media requests for comment.

FHFA investigators believe Schiff’s actions may violate multiple federal criminal statutes, including:

• Wire fraud
• Mail fraud
• Bank fraud
• 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 stated.

Schiff and his wife only designated the Maryland home as a secondary residence in 2020, years after repeated claims that it was their primary dwelling, according to documents reviewed by Fox.

As a prominent member of the Democratic Party and one of former President Trump’s fiercest critics during both impeachment sagas, the possibility of criminal charges against Schiff is sending shockwaves through Washington.