President Trump accused Adam Schiff of mortgage fraud by claiming he misled lenders regarding his primary residence to obtain a cheaper mortgage. Trump's allegations state that Schiff designated his Maryland residence as primary to benefit financially, suggesting a sustained pattern of misrepresentation through multiple transactions from 2009 to 2020. A Fannie Mae investigation was inconclusive regarding criminal activity, noting Schiff's varying claims of residency. When approached by reporters, Schiff remained evasive and did not deny or confirm the allegations, choosing to respond with a brief remark instead.
President Trump accused Adam Schiff of misleading mortgage lenders about his residence to obtain lower mortgage rates, calling him a "crook" in a Truth Social post.
A Fannie Mae investigation revealed Schiff and his wife engaged in a possible pattern of occupancy misrepresentation on home loans from 2009 to 2020 but did not confirm any crime.
The investigation memorandum concluded that Schiff at times listed his primary residence as either Potomac, MD, or Burbank, CA, without citing any explicit fraud.
Despite the allegations of mortgage fraud, Schiff did not respond to questions about Trump's accusations, maintaining a dismissive attitude during a Capitol Hill encounter.
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