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.

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

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.'