Trump Revives Mortgage Fraud Accusations Against Senator Adam Schiff

President Donald Trump has reignited his long-running feud with Senator Adam Schiff (D-CA), this time accusing him of committing mortgage fraud related to a Maryland home Schiff purchased in 2009.

The accusation, made Tuesday on Trump’s Truth Social account, alleged that Schiff improperly claimed the Maryland residence as his primary home in order to secure more favorable mortgage terms.

“Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA,” Trump wrote. He claimed the supposed misrepresentation began with a refinance in February 2009 and continued until October 2020, when the home was reclassified as a second property.

Schiff has repeatedly denied the claims, dismissing them as politically motivated.

A Feud Years in the Making

Schiff rose to national prominence as chair of the House Intelligence Committee during Trump’s first impeachment inquiry, where his sharp questioning made him one of Trump’s fiercest critics. Now a senator, Schiff has positioned himself as a progressive voice — and a lightning rod for conservative attacks.

Trump, for his part, has often singled out Schiff as emblematic of what he calls “deep state corruption.” The latest mortgage allegations echo attacks Trump floated during the 2024 campaign.

The Property Dispute

Property records confirm Schiff purchased a house in Montgomery County, Maryland, in 2009. Trump alleges Schiff designated the home as his principal residence, qualifying for lower rates reserved for primary residences.

Federal guidelines allow more favorable terms on mortgages for primary homes compared to secondary or investment properties. Critics argue this could have saved Schiff tens of thousands of dollars over the life of the loan.

Trump claims the arrangement lasted through multiple refinancings, citing unnamed sources within Fannie Mae’s Financial Crimes Division. No official report has been released.

Residency vs. Representation

The Constitution only requires that members of Congress be “inhabitants” of the state they represent. In practice, many lawmakers maintain a residence near Washington while retaining homes in their districts.

Schiff’s defenders argue that classifying the Maryland house as a primary residence was not unusual, given the demands of congressional life. Trump and his allies contend it amounts to misrepresentation for financial gain.

Trump’s Escalating Rhetoric

On Truth Social, Trump labeled Schiff a “scam artist” and “crook,” writing:

“The FRAUD began with the refinance of his Maryland property on February 6, 2009, and continued through multiple transactions… Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to be brought to justice.”

Pressed later by reporters, Trump softened slightly: “I don’t know about the individual charge, if that even happened, but Adam Schiff is a serious lowlife.”

Schiff Responds

In a statement, Schiff dismissed the claims outright:

“These accusations are baseless and recycled. The facts have not changed, because there are no facts to support them.”

He stressed that owning property near Washington is standard for lawmakers and said he has complied with all mortgage and reporting requirements.

Experts Weigh In

Legal specialists note that mortgage fraud is a federal crime, but proving it requires evidence of intentional misrepresentation.

“Merely owning two homes and shifting which one you designate as primary isn’t necessarily fraud,” explained Christopher Alton, a housing law expert at Georgetown University. “Without clear documentation, it’s impossible to assess.”

Others suggest the political optics outweigh any legal risk. “This is about narrative, not numbers,” said Dr. Helena Moore of George Washington University. “For Trump’s base, Schiff is a symbol of corruption.”

Political Fallout

The timing of Trump’s attack is significant, with the 2026 midterms on the horizon. Republicans are eager to spotlight Democratic vulnerabilities, while Democrats accuse Trump of weaponizing conspiracy theories.

As of now, no investigation has been launched by regulators or prosecutors. Trump’s references to Fannie Mae remain unverified.

The clash highlights not only the deep animosity between Trump and Schiff, but also the broader trend of weaponizing personal finances in America’s hyper-polarized politics.

For Trump, it’s about “bringing Schiff to justice.” For Schiff, it’s another chapter in a long-running political vendetta.