Sen. Adam Schiff, D-Calif., is reportedly under criminal investigation for alleged mortgage fraud, according to a Trump administration source cited by Fox News. The investigation is said to be led by the U.S. Attorney’s Office in Maryland and could potentially result in charges tied to falsifying documents to secure more favorable mortgage terms.

The news was announced by Fox News host Laura Ingraham on “The Ingraham Angle,” who reported that the Federal Housing Finance Agency (FHFA) had submitted a criminal referral to the Department of Justice. The referral accuses Schiff of misrepresenting the occupancy status of certain properties, a tactic that could result in lower mortgage rates and tax advantages.

According to the FHFA, Schiff and his wife repeatedly listed a Potomac, Maryland home they purchased in 2003 as their primary residence on loan documents through at least 2013. At the same time, Schiff claimed a condominium in Burbank, California as his primary residence, especially during his 2023 campaign for the U.S. Senate. This California residence allowed him to receive a \$7,000 homeowner’s tax exemption.

A 2011 affidavit reportedly shows Schiff certifying the Maryland home as his primary residence while serving in Congress as a representative from California. It wasn’t until 2020 that Schiff and his wife reclassified the Maryland property as a secondary home.

Fannie Mae’s financial crimes unit has documented what it called a “sustained pattern of possible occupancy misrepresentation” tied to five different loans. FHFA Director William Pulte warned these actions could violate federal statutes, including wire fraud, bank fraud, and making false statements. Schiff’s office has yet to comment publicly.