Democrats: 'What is Marco Rubio hiding?'
A Miami Herald story raising questions about a home equity loan House Speaker Marco Rubio obtained has prompted an attack by the Florida Democratic Party. "What is Marco Rubio hiding and why does he think he can get away with it? This doesn't pass the smell test," spokesman Alejandro Miyar said in a news release.
Rubio, in a statement provided to the Buzz, writes: "Home equity loans are public documents, recorded with the county clerk. Failure to list them as a liability on my 2005 and 2006 financial disclosures was a oversight which has since been corrected."
"The home equity loan I currently have is a typical one. We applied for it at a chartered and regulated FDIC insured bank. We provided income verification and submitted to a credit check. An appraisal was done for the bank by a licensed professional property appraiser. And we were approved for a loan based on the equity in the home."