Las Vegas Sun

July 30, 2014

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2008 Elections

Mitt Romney on Foreclosures

 

(Romney dropped out of the Republican presidential contest on Feb. 7, 2008, following disappointing results in the Feb. 5 Super Tuesday primary contests.)

Romney has said in interviews that he agrees with President Bush's plan to provide the Federal Housing Administration the power to help some homeowners get their mortgages refinanced at level rates. He said the Federal Reserve's actions will allow continued activity in the credit markets and keep the subprime mortgage problems from expanding to hurt more of the economy.

 

Romney's Web site is silent on the mortgage crisis and he has not spoken extensively on the subject.

 

In a related matter, TheStreet.com's Brett Arends wrote that Romney took a personal financial hit from the mortgage crisis, of at least $1 million, through his investment in Goldman Sachs Global Equity Opportunities fund.

 

FoxNews.com, Your World with Neil Cavuto: Transcript of Sept. 12, 2007, interview with Romney.

 

CNBC.com, Street Signs, from Sept. 7, 2007: Transcript from show, where Romney says the subprime mortgage market has been troubled, but action by President Bush and the Fed are helping.

 

TheStreet.com: Mitt Romney Hit by Morgage Meltdown (Aug. 15, 2007)

 

— Las Vegas Sun new media managing editor Dave Toplikar compiled this report.

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