President Donald Trump took aim at one of his longest-running enemies on Tuesday morning, accusing California Senator Adam Schiff of engaging in years of mortgage fraud to secure favorable loan terms on a Maryland property — even though he was a congressman from California at the time.
The stunning accusation came in a now-deleted Truth Social post, a rare move from the president. But the message didn’t disappear — it was captured and reposted widely.
“Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America,” Trump wrote. “When he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA.”
Trump then detailed what he called a “sustained pattern of fraud” starting on February 6, 2009, and continuing through October 13, 2020, when Schiff finally reclassified the Maryland property as a second home.
“Mortgage Fraud is very serious,” Trump warned. “And CROOKED Adam Schiff… needs to be brought to justice.”
Federal Referral to DOJ?
According to the Tampa Free Press, these allegations are not new — they’ve quietly circulated for years, but this is the first time a sitting president has addressed them publicly.
A senior Trump administration official confirmed to the New York Post that the Federal Housing Finance Agency, which oversees Fannie Mae, has sent a criminal referral to the Department of Justice, urging an investigation into Schiff’s property dealings.
“Schiff could face a felony count for each monthly mortgage payment made under false pretenses,” the official said.
The core of the case hinges on whether Schiff intentionally misrepresented his state of residence to obtain lower interest rates and better loan terms — all while serving as a California representative in Congress.
Schiff: “This Is a Letdown”
Instead of addressing the specifics, Schiff posted a response on Instagram, dismissing the allegations as “baseless” and trying to shift the focus back to Trump.
“Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason. So in a way, I guess this is a bit of a letdown,” Schiff wrote.
“This smear will not distract from his Epstein files problem,” he added, without mentioning his own legal exposure.
But the Trump administration isn’t backing down.
“It is extremely serious, and he is not taking it seriously,” the senior official told The Post.
