Adam Schiff Referred for Mortgage Fraud Investigation by Trump Administration
- July 17, 2025
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The Fox News Politics newsletter brings you the latest developments from Capitol Hill and the Trump administration. This edition covers significant events, including allegations against Sen. Adam Schiff, D-Calif., for potential mortgage fraud, and updates on international and domestic political issues.
Senator Adam Schiff has been referred to the Department of Justice for potential criminal prosecution related to mortgage documents. The U.S. Federal Housing Finance Agency (FHFA) Director, William Pulte, sent a letter to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche in May, citing alleged misconduct by Schiff. The allegations suggest that Schiff falsified bank documents and property records to secure more favorable loan terms for a property in Potomac, Maryland, impacting payments from 2003 to 2019. As the regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, the FHFA emphasizes the seriousness of mortgage fraud allegations and their potential impact on the U.S. mortgage market’s stability.
In other news, Israel has launched strikes on Syria’s military headquarters amidst clashes with Druze civilians. Meanwhile, the Senate is moving towards passing President Trump’s $9 billion clawback bill following intense late-night votes. These developments highlight ongoing international tensions and significant domestic policy shifts.
The newsletter also covers various political stories, including Jill Biden’s ‘work husband’ invoking the Fifth Amendment during a House GOP cover-up probe, and Japan identifying China, North Korea, and Russia as major threats since WWII. Additionally, discussions around Trump’s controversial plan to fire federal workers and strengthen religious accommodations in the federal workforce are gaining traction.
Stay informed with Fox News for comprehensive coverage of these stories and more.