· 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.
This morning, Newt Gingrich seized on an exclusive report published yesterday by ThinkProgress, which revealed that Mitt Romney is profiting from thousands of Florida foreclosures through a goldman sachs investment fund. gingrich blasted Romney for "owning lots of stock in a part of Goldman Sachs that was explicitly foreclosing on Floridians."
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· The Romney’s benefited big from Florida foreclosures.. Goldman-Sachs investment fund that was heavily invested in mortgage-backed obligations. The people who.
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.
Bank B has the right to pay the mortgage- debt owed to Bank A and assume Bank A’s position as the first-priority mortgage holder. The type of "right of redemption" being foreclosed in a re- foreclosure action determines the course of the litigation.
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 fund had been had been victims of foreclosure.
The Romney’s benefited big from Florida foreclosures.. Goldman-Sachs investment fund that was heavily invested in mortgage-backed obligations. The people who purchased these debts have launched.
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.