Corker Says BPC Housing Reform Proposal Headed In Right Direction

Credits Report’s Focus On Restoring Private Mortgage Capital And Resolving Legal Limbo Of Fannie & Freddie

Monday, February 25, 2013

Responding to a housing reform report from the Bipartisan Policy Center, Senator Bob Corker, (R-Tn.), a member of the Senate Banking, Housing and Urban Affairs Committee, credited the proposal for focusing on putting “substantial private capital in front of the government” and “resolving the legal limbo” of government-sponsored enterprises Fannie Mae and Freddie Mac, which own or guarantee roughly half all mortgages in the U.S. at a total value of more than $5 trillion. Fannie and Freddie were taken into government conservatorship in 2008 and have already cost taxpayers $137 billion.

“I look forward to reviewing the report in more detail, but it appears to be headed in the right direction by putting substantial private capital in front of the government and resolving the legal limbo of the GSEs,” said Sen. Corker. “I thank them for their contribution to the conversation, and I hope we get serious and long-term reform this year.”

In the last Congress, Sen. Corker introduced legislation to responsibly unwind Fannie Mae and Freddie Mac and end dependence on the government for housing finance.

Potts Brothers Has Onsite Auction In Lafayette Nov. 19

Potts Brothers Land and Auction will host an onsite auction Saturday, Nov. 19, at 10 a.m. Online bidding will be available for real estate only.  The auction will be for a three-bedroom brick home, 105+/- acres and personal property.  The land will be sold in tracts or as a whole.  The location is 6446 Straight Gut Road, selling Clarence and Celia Hunt ... (click for more)

Real Estate Transfers For Oct. 13-19

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Howard Simmons, 47, Shot And Killed In St. Elmo Monday Morning; Police Interview Person Of Interest

Howard Simmons, 47, was shot and killed in St. Elmo Monday morning. Police said they had interviewed a person of interest in the slaying. Chattanooga Police at 8:30 a.m. responded to a person shot at the 5000 block of Florida Ave. Upon police arrival the victim, Simmons, had already succumbed to his injuries. Ms. Simmons suffered at least one gunshot wound. At this time ... (click for more)

Erlanger To Open Cancer Center On Gunbarrel Road At East Campus

Work is set to begin soon on construction of a new Cancer Center by Erlanger Health System at its Gunbarrel Road East Campus. Erlanger is joining with a development firm, Chatt East 3 LLC of Alabama, on the four-story project located just south of Women's East Hospital on a wooded five-acre tract. Erlanger will be leasing the bottom three floors at a rate of $16.05 per square ... (click for more)

October Is Breast Cancer Awareness Month

Picture a sold-out baseball game at Wrigley Field or Nationals Park packed with 40,000 fans. That image represents roughly the same number of women and men who die from breast cancer each year.  In Tennessee alone, an estimated 900 women will die from the disease in 2016. It is a sad statistic, but there is some good news: thanks to early detection and improved treatments, ... (click for more)

Roy Exum: The Testerman Forum

I badly misjudged how long it would take me to do my “early voting.” I was in-and-out in no time so I got to the Hamilton County School Board’s agenda meeting well enough beforehand to have an “educational forum” with board member David Testerman. If you haven’t noticed, forums and summits and “community enlightenment” groups are the new rage and, as my friend David laughed, “They ... (click for more)