Fannie Mae has issued a fraud alert warning the mortgage industry about a growing pattern of fraudulent activity tied to two- to four-unit investment properties in New Jersey and surrounding states.

FHFA director refers Sen. Adam Schiff to DOJ for alleged mortgage fraud, citing documents on Maryland and California properties for favorable loan terms.

Calif., on Tuesday became the most prominent of Trump’s adversaries to face allegations of wrongdoing, facing findings of mortgage fraud.

The moves come during a larger shakeup at Fannie and Freddie Mac under new Federal Housing Finance Agency director Bill Pulte. Three days after he was sworn in, Pulte appointed himself chairman of both Fannie Mae and Freddie Mac and removed 14 board members at the agencies.