Trump Slams Adam Schiff Over Suspected Mortgage Fraud Scheme — Demands Justice
President Donald Trump has reignited allegations of financial corruption against Sen. Adam Schiff (D-Calif.), accusing the longtime Democratic lawmaker of committing mortgage fraud by misrepresenting his primary residence for over a decade — a scheme the President says was designed to exploit the American financial system.
In a scathing post on Truth Social Tuesday morning, President Trump labeled Schiff a “scam artist,” claiming he fraudulently secured better loan terms from Fannie Mae — the government-backed mortgage giant — by falsely declaring his Maryland property as a second home only in 2020, despite owning it since 2009 while serving in Congress.
“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.
“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... Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to be brought to justice,” he continued.
The president asserted that the fraud spanned over a decade, beginning in 2009 and continuing through multiple refinancing transactions — all while Schiff publicly listed a Burbank, California address as his primary residence on other documents.
Although President Trump didn’t cite evidence directly in the post, reports by Just the News last October detailed Schiff listing both his Maryland and California properties as his “principal residence” across various official filings since 2003. The article noted at least three instances — in 2009, 2011, and 2013 — where Schiff refinanced his Maryland home while declaring it as his primary residence.
The questionable pattern was first uncovered by Christine Bish, a real estate investigator and former GOP congressional candidate from Sacramento. Bish filed an ethics complaint against Schiff, alleging a deliberate attempt to defraud lenders and mislead the public.
When asked to clarify his remarks later Tuesday, Trump reiterated his position: “I don’t know about the individual charge, if that even happened, but Adam Schiff is a serious lowlife.”
When Fox News’ Peter Doocy pressed him further on what “justice” for Schiff would look like, Trump replied: “I’d love to see him brought to justice.”
Despite the mounting scrutiny, Schiff has rejected the claims as politically motivated.
“Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,” Schiff posted on X. “So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot.”
Schiff’s spokesperson dismissed the allegations, claiming both lenders were aware of the Congressman’s use of the homes and that neither property was a vacation residence. “He has always been completely transparent about this,” the statement read — though the spokesperson notably declined to say whether the Maryland home had ever been officially designated as his primary residence.
Fannie Mae, now under federal conservatorship, declined to comment on the case.
Schiff later doubled down on video, calling the accusations “baseless” and “without merit.”
But as questions persist and records pile up, one thing is certain: the American people deserve honest representation — not lawmakers exploiting their office to game the system.