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.” 



Working Together To Grow Our Community

Very few professions connect a community or region like the residential construction and remodeling industry does. Long before the foundation is poured and walls are framed, the process of building or remodeling a residence brings together dozens of professionals that contribute individual expertise that ultimately concludes with either a new home or an upgrade to an existing residence. ... (click for more)

Movement Mortgage Loan Officer Named Among Top 20 In Region

Christina Lane, a senior mortgage loan officer with Movement Mortgage, was given recognition of being number nine in 2017 production in her region, which includes over 350 loan officers. Ms. Lane said she prides herself on truly taking care of her clients and treating them like family, from the initial conversation to even after closing, often building strong bonds and relationships ... (click for more)

Hazelwood Ordered Confined To His Home Until Sentencing In Chattanooga On June 27; Defense Renews Objection To Release Of "Incendiary" Racist Tapes

A federal magistrate in Knoxville has ordered former Pilot Travel Centers president Mark Hazelwood confined to his home pending sentencing in Chattanooga on June 27 on three felony convictions. The confinement at his Knoxville home is to be on a 24-hour basis except for medical needs. Federal Magistrate Judge Bruce Guyton also ordered Hazelwood, who made over $27 million his ... (click for more)

HCDE Transition Team Member Announces Candidacy For District 2 County Commission Seat

A longtime public education champion with a background in both public and private enterprise has announced she is seeking the seat of retiring District 2 Hamilton County Commissioner Jim Fields. Elizabeth Baker, a Signal Mountain resident and member of the transition team appointed last year by Dr. Bryan Johnson, Hamilton County School Superintendent, said she is committed ... (click for more)

TIF Proposal Fails Straight Face Test

Mayor Berke has put the City Council in an unenviable position. The Council will be asked to vote Tuesday on whether to use tax increment financing (TIF) to pay for a one-block extension of M.L. King Boulevard to the Riverwalk.  Accountability for Taxpayer Money supports the road extension concept and understands its timing. However, we strongly oppose using TIF future property ... (click for more)

Roy Exum: Arm Our Teachers Now

There are three distinct reasons that Grady Judd, the sheriff of Polk County, Fla., is one of the top law enforcement officers in the country. Just last week he was named as president of the Major-Cities Sheriff’s Association -- he’s that good. Also last week he begged America to arm itself, rigid in his belief the best way to stop school shootings and other mass incidents is by ... (click for more)