Romney Profited From Mortgage Foreclosures in Florida

Romney Profited From Foreclosures, Advisers Were Lobbyists For Freddie Mac. And the current owners of those mortgage debts began foreclosure proceedings against thousands of Floridians.. Today in Florida, Mitt Romney is fighting back against Newt Gingrich on his ties to Fannie Mae and Freddie Mac and the housing crisis.

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ThinkProgress reported earlier this week that former Massachusetts Gov. Mitt Romney (R) profited from thousands of Florida foreclosures through a Goldman Sachs investment fund. When pressed on this by.

 · Romney Profited From Mortgage Foreclosures in Florida It seems that the Massachusetts millionaire, according to his tax returns, had profited from investments, in particular a Goldman fund that was chock full of mortgage backed securities. By extension, Gingrich claimed, Florida homeowners whose defaulted mortgages were part of that Goldman.

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ThinkProgress reported Wednesday that former Massachusetts Gov. Mitt Romney (R) has profited from thousands of Florida foreclosures through a Goldman Sachs investment fund. Former House Speaker Newt Gingrich (R) blasted Romney on the trail today for those investments, and re-upped those attacks in tonight’s CNN debate.

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Gingrich Opens Up New Line of Attack on Romney. Speaking before the latest of a series of rallies organized by Tea Party groups in Florida, Mr. Gingrich aggressively courted the movement’s support now that earlier Tea Party favorites, including Herman Cain and Michele Bachmann, have dropped out.

EXCLUSIVE: Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians. Romney’s form says he has invested between $1,000,001 and $5,000,000 in the fund and his wife Ann has invested an additional $1 million-plus. Since the 2008 economic meltdown and the enactment of the Troubled Asset Relief Fund, this fund has done quite well, growing 7.88 percent between April 2010 and March 2011.