Senator Adam Schiff, D-Calif., is again making headlines—but this time, not for legislation or impeachment trials.
Questions About a Potomac Property
The focus of concern lies with a home in Potomac, Maryland, purchased by Schiff and his wife in 2003 for $870,000. Over the years, they refinanced the property multiple times, obtaining favorable mortgage terms through Fannie Mae-backed loans.
But what raised eyebrows is how Schiff classified the property.
Dual Claims on Primary Residence
During each refinancing—recorded in 2009, 2011, 2012, and 2013—Schiff certified the Maryland home as his primary residence. At the same time, he claimed a homeowner tax exemption in Burbank, California, reducing his property tax burden by $7,000.
That exemption also required the California condo to be his primary residence.
So which home did he really live in?
The Referral That Sparked It All
In May 2025, the Federal Housing Finance Agency (FHFA) referred Schiff’s mortgage activity to the Department of Justice. The referral cited years of conflicting statements and documents.
According to FHFA Director William Pulte, Schiff may have violated multiple federal laws, including:
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Wire fraud
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Mail fraud
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Bank fraud
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False statements to financial institutions
The allegations cover a 16-year time span, from 2003 to 2019.
What Schiff’s Team Is Saying
Schiff’s spokesperson offered a vague defense, claiming that both residences were occupied year-round. Therefore, listing them both as “primary” residences was supposedly justified.
But legal experts disagree. The concept of dual “primary” residences is legally murky—especially when it results in financial benefits like lower interest rates and reduced taxes.
How the Story Emerged
The situation came to light during a recent segment of Fox News’ “The Ingraham Angle”, where a source inside the Trump administration revealed that the U.S. Attorney’s Office in Maryland is actively investigating the case.
This wasn’t widely known—until now.
Why This Matters
Schiff is not a backbencher. He’s a high-profile senator with national visibility and influence. An active investigation involving mortgage fraud and false financial declarations could:
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Damage his Senate credibility
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Create ripples across the Democratic party
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Affect how federal oversight agencies handle loan verifications moving forward
A Familiar Comparison
The situation bears resemblance to Marilyn Mosby, the former Baltimore State’s Attorney convicted of mortgage fraud in 2023. She faced jail time for falsifying loan documents tied to a Florida home.
Legal analysts suggest Schiff’s case—if charges are filed—could follow a similar path.
The Big Reveal: DOJ Is Now Involved
Although Schiff has not been formally charged, the matter has moved beyond speculation. The Department of Justice is actively investigating. This isn’t just a referral or an agency warning—it’s now a criminal matter.
The U.S. Attorney’s Office in Maryland has taken the case. According to insiders, subpoenas may already be in play. A decision on whether to charge Schiff could come before the end of the year.
