In a fiery resurgence of one of his longest-running political rivalries, President Donald Trump has launched a fresh offensive against California Democrat Senator Adam Schiff, accusing him of mortgage fraud and calling for his immediate prosecution and imprisonment.
The former president’s statements follow the emergence of documents from the Federal Housing Finance Agency (FHFA) and Fannie Mae that raise serious questions about Schiff’s mortgage practices spanning over a decade.
While Schiff denies the claims and dismisses them as political retribution, Trump and his allies are using the opportunity to reframe the conversation, positioning Schiff as a central figure in what they describe as a long-standing pattern of corruption and hypocrisy.
Posting on Truth Social this past Sunday, Trump did not mince words. “Adam ‘Shifty’ Schiff is in BIG TROUBLE!” he wrote in capitalized fury. “He falsified Loan Documents.”
The post took a personal turn as Trump recalled Schiff’s past attacks on his family: “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 insisted his son had done nothing wrong and portrayed Schiff’s actions as not only criminal but deeply ironic, stating, “Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!”
The allegations center around a letter from the FHFA to the Department of Justice dated May of this year. In the letter, the FHFA accuses Schiff of falsifying financial records and bank documents to secure more favorable loan terms on his Maryland property between 2003 and 2019.
The FHFA, the agency tasked with oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Bank system, reportedly found inconsistencies in the way Schiff and his wife declared their primary residence during this time, a key detail that can significantly alter mortgage rates and lending criteria.
Specifically, Fannie Mae’s internal Financial Crimes Division report cited what it termed “a sustained pattern of possible occupancy misrepresentation” tied to five separate Fannie Mae loans.
According to Trump’s repost of that report on Tuesday, “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.”
He added more detail, noting that the “fraud” allegedly began in February 2009 with a refinance of the Maryland home and continued through multiple transactions until 2020, when the property was finally listed as a second home.
The implication of the accusation is that Schiff lied to secure financial advantages not typically afforded to second-home borrowers, a move that would violate both ethical and possibly legal standards if proven.
Schiff has yet to offer a detailed rebuttal beyond his earlier statements, and his office did not respond to Fox News Digital’s request for comment on Monday.
Nonetheless, the senator has addressed the matter indirectly, casting it as part of a broader and deeply politicized smear campaign. “Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,” Schiff posted to X, formerly Twitter. “So in a way, I guess this is a bit of a letdown.” He added that the “baseless attempt at political retribution won’t stop me from holding him accountable.”
Schiff also released a video titled “Trump Just Threatened Me Directly. I’m Not Backing Down,” where he framed Trump’s accusations as an intentional effort to distract from the growing pressure surrounding the former president’s ties to the Epstein case.
“He’s using my ownership of two homes to make a false claim of mortgage fraud,” Schiff says in the five-minute video. “But what really is going on here is this is Donald Trump trying to bring about political retribution, retaliation, trying to distract from his Epstein file problem.”
Indeed, Trump’s post came just days after a tranche of declassified documents—highlighted by former Democrat and current Director of National Intelligence Tulsi Gabbard—suggested significant wrongdoing by the Obama administration in the creation and perpetuation of the Trump-Russia collusion narrative.
Gabbard appeared on Fox News, stating, “These over 100 documents that I declassified and released spell out in great detail exactly what happens when you have some of the most powerful people in our country directly leading at the helm—President Obama and his senior-most national security cabinet, James Comey, John Brennan, James Clapper, and Susan Rice—essentially making a very intentional decision to create this manufactured, politicized piece of intelligence with the objective of subverting the will of the American people.”
While Gabbard’s remarks were not directly tied to Schiff, they added fuel to a right-wing media firestorm that continues to frame many Democratic figures as participants in a broader conspiracy against Trump and his presidency.
In this context, the allegations against Schiff serve as both a personal vindication for Trump and a new rallying cry for his base. Schiff, after all, has long been one of the most vocal and effective critics of Trump’s presidency, leading the first impeachment inquiry and repeatedly accusing Trump of undermining democratic norms.
Yet the legal and ethical dimensions of the accusations remain in flux. The Los Angeles Times reviewed the FHFA memo and confirmed that it did not formally accuse Schiff of a crime.
Rather, it pointed out discrepancies in how Schiff and his wife, Eve, reported their primary residences—at times listing their Maryland and California properties interchangeably.
This may not amount to criminal fraud, but it certainly opens the door for questions about integrity, eligibility, and honesty in financial declarations.
When approached by reporters on Capitol Hill this Wednesday, Schiff avoided engaging with the substance of Trump’s allegations. “Have a nice day,” he said curtly, brushing off the opportunity to defend himself or explain the mortgage discrepancies in public.
Still, the fallout from the episode is only beginning. Conservative commentators are already calling for a full investigation. Talk radio, social media, and conservative news outlets have begun portraying Schiff as the next domino to fall in what they frame as a reckoning for the “deep state” and partisan actors who worked to delegitimize Trump’s presidency.
The former president’s insistence that Schiff be prosecuted and jailed is seen not only as a personal vendetta but also as a warning shot to other political adversaries.
In Trump’s narrative, this isn’t just about a mortgage. It’s about payback, justice, and restoring balance after years of what he views as unfair treatment at the hands of the Washington establishment.
Whether these allegations will lead to any formal investigation or charges remains uncertain. The Department of Justice has not issued a public statement on the matter, and Schiff continues to frame the entire episode as a baseless smear designed to distract from Trump’s own mounting legal and political challenges.
The implications of this renewed clash could be far-reaching, especially as both men position themselves for heightened roles in the coming election cycle. Schiff, now a senator, has not ruled out further leadership ambitions.
Trump, meanwhile, is seeking to maintain dominance over the Republican Party and possibly secure another term in office. The personal animosity between the two figures—once defined by impeachment hearings and accusations of treason—has now found a new arena in the realm of financial conduct and political retaliation.
Whether the truth of the mortgage matter ever comes to full light, one thing is certain: the Trump-Schiff feud has entered a new phase, one that blends personal grievances with national politics, and underscores how the battles of the past continue to shape the bitter confrontations of the present.