Corker: A Technocrat – Not A Politician – Should Lead FHFA

Thursday, October 31, 2013

Senator Bob Corker, (R-Tn.), a member of the Senate Banking, Housing and Urban Affairs Committee, made the following statement after voting against a procedural motion to move forward with the nomination of U.S. Congressman Mel Watt, (D-N.C.), to lead the Federal Housing Finance Agency (FHFA). In a 56 to 42 vote, the Senate failed to get the 60 votes required to proceed.

“I have said from day one that a technocrat, not a politician, should lead the FHFA, the regulator charged with overseeing the $5 trillion portfolios of Fannie Mae and Freddie Mac,” said Senator Corker.

“I hope the president will nominate a qualified technocrat with the expertise to play a constructive role in winding down Fannie and Freddie and modernizing our housing finance system.” 


Home Sales Increase In April In Chattanooga

Home sales increased in April in Chattanooga, according to a report from the Greater Chattanooga Association of Realtors.   The report said, "As we turn the page to the second quarter of 2015, a proliferation of new  listings is expected in most markets across the U.S. Spring is traditionally the  commonplace time of the year that we see some of the most desirable ... (click for more)

Georgia Real Estate Investor Pleads Guilty To Bid Rigging And Fraud Conspiracies At Public Foreclosure Auctions

A Georgia real estate investor pleaded guilty on Tuesday for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia, the Department of Justice announced. Felony charges against Eric Hulsman were filed on March 27, in the U.S. District Court of the Northern District of Georgia in Atlanta. According to court documents, from ... (click for more)

Man Killed By Train At Sale Creek

A man was struck and killed by a train in North Hamilton County on Wednesday evening. The sheriff's office said the incident occurred in Sale Creek.   (click for more)

Tram Up 1st Street That Proved A Dud Also Falters At Auction

Most of the 21st Century Waterfront development was a major success. Except for that non-working tram going up the steep hill at First Street. The city has finally given up on the unusual mode of transit and has placed it up for auction. But there were only four bids submitted and the high was only $92.50. The owners of the firm that built the tram, Outdoor Engineers ... (click for more)

The Truth About The Rising Costs To East Ridge On The Fire Hall Property

Re:East Ridge Has To Pay Unexpected $428,000 On Bass Pro Shop Deal   H ere is the truth about this article.    One section of the article says: " Unknown to anybody on the council today, the agreement limited use of the land to a fire hall."     In a letter dated Dec. 15, 2010, Mayor Lambert asked TDOT officials to ... (click for more)

Roy Exum: I Know About Dowries

There is a lawyer in Kenya who wants to meet President Barack Obama very badly. He knows the President will visit Kenya in July and the noble, young lawyer, Felix Kiprono, is very sincere when he says he wants to marry the oldest of the Obama daughters, 16-year-old Malia. He became interested in Malia in 2008 and can proudly say he has dated no other women since then, it has just ... (click for more)