Donald Trump accused Adam Schiff of mortgage fraud, alleging misrepresentation of his primary residence for favorable loan terms, based on a Fannie Mae memo. Schiff denies the accusations, calling them politically motivated retaliation.

After President Trump alleged Tuesday that California Sen. Adam Schiff had committed mortgage fraud, Schiff dismissed the claim as a 'baseless attempt at political retribution.'

A memorandum from Fannie Mae investigators concluded that Schiff “engaged in a sustained pattern of possible occupancy misrepresentation."