Adam Schiff Under Criminal Investigation for Mortgage Fraud

'Based on media reports, Mr. Adam B. Schiff has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property,' FHFA Director William Pulte wrote.

'As regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, we take very seriously allegations of mortgage fraud or other criminal activity.

'Such misconduct jeopardizes the safety and soundness of FHFA's regulated entities and the security and stability of the U.S. mortgage market.'

'Adam 'Shifty' Schiff is in BIG TROUBLE,' Trump wrote. 'He falsified loan documents.'

'He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally 'manufactured' in order to stage an actual coup,' Trump wrote.

'My son did nothing wrong, knew nothing about the fictional story. It was an American Tragedy!

'Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!'

Barbara McQuade, a former U.S. attorney for the Eastern District of Michigan told the publication it was 'awfully coincidental' that Trump's critics have been subjected to home loan investigations.

'You don't get a free pass because you're a public official,' McQuade said.

'But I think they've really undermined the credibility of the department by staking out this ground seeking retribution against Trump's enemies.'

Trump said he wanted to see Schiff 'brought to justice' through the investigation into his finances.

But Schiff maintained his innocence and argued he was being persecuted by the Trump administration as political retribution for his involvement in opposing the family over the years.

'This is just Donald Trump's latest attempt at political retaliation against his perceived enemies,' Schiff wrote on X.

'So it is not a surprise, only how weak this false allegation turns out to be.'

A spokesperson for his office insisted the lenders for both of his homes - one in Washington and another in California - were aware that he intended to use both year-round while serving in public office.

He maintained neither home is considered a 'vacation' property.