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Gingrich has repeatedly denied lobbying on behalf of the mortgage company, but admitted to earning millions in consulting fees.
Pressed by Ingrahama about whether Gingrich was a conservative, Paul said he "wouldn't put him in that category."
"He was known to be from the left-wing of the party especially early in his years," Paul said. "He would come up with conservative viewpoints and all, but that doesn’t make him a conservative. No, I don’t put him in that category."
Paul released an ad Wednesday slamming Gingrich for "serial hypocrisy" and mocking Gingrich's past statements.