Romney Profited From Mortgage Foreclosures in Florida

Gingrich has said he was a consultant for Freddie Mac, the federally backed mortgage company that played a significant role in the housing crisis. Romney said Gingrich should return the more than $1.6 million he made from the company. While Romney criticized Gingrich, Romney also profited from investments in Freddie Mac.

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At a debate on Thursday in Florida, it devolved into finger pointing. A question about the government’s involvement in the mortgage market prompted. someone who had lost their home to foreclosure.

Later, in a remark that recalled Romney’s support for corporations in August, he said, “The banks aren’t bad people. They’re just overwhelmed right now.” Romney, speaking in front of a home in.

Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians. A ThinkProgress examination of Mitt Romney’s presidential personal financial disclosures from May 2011 reveal that the former Massachusetts governor and his wife own or owned millions of dollars worth of a Goldman Sachs investment fund invested heavily in mortgage-backed obligations.

Romney’s message can have far-reaching impact in Florida, where the housing market remains in doldrums and unemployment is at 10 percent, higher than the national average of 8.5 percent.

ThinkProgress reported Wednesday that former Massachusetts Gov. Mitt Romney (R) has profited from thousands of Florida foreclosures through a Goldman Sachs investment fund.

After holding a roundtable with voters struggling as a result of the foreclosure crisis, Romney said he wished that Gingrich had heard their stories as a former adviser to mortgage giant. “While.

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Heather Higgins is a political commentator and non-profit executive. She is President and CEO of Independent Women’s Voice, and serves on the boards of the Independent Women’s Forum, the Hoover.

With his once-secure grip on the GOP presidential nomination loosening, Mitt Romney has been hitting Newt Gingrich hard this week in Florida. The former Massachusetts governor’s plan: Make the mortgage meltdown-and Gingrich’s paid work for the mortgage insurer freddie mac-a huge issue in this state, one of the worst-hit by foreclosures.