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.


green|spaces Announces Winner In NextGen Homes

green|spaces hosted the NextGen Homes Design Competition Finale on Tuesday. With over 100 people in attendance, teams consisting of architects,engineers and contractors from a 200-mile radius gathered to hear the announcement of the winning design. The top six teams presented their designs to the crowd explaining the elements of the first Net Zero Energy homes to be built in Chattanooga. ... (click for more)

Blind Golf Champion And Cancer Survivor David Meador To Inspire Tennessee Realtors

When David Meador lost his eyesight in a horrific car accident at 18, the setback could have marked the end of a promising life. Instead, through faith and fortitude, Mr. Meador turned that devastating circumstance into the beginning of a remarkable journey of overcoming odds and inspiring others along the way. Mr. Meador—a four-time National Blind Golf champion, successful ... (click for more)

EPB Officials Huddle With Attorneys Over City Street Lighting Issue

EPB board members huddled with attorneys on the issue of billing for city street lights on Friday morning. EPB Chairman Joe Ferguson asked for the private session with attorneys Rick Hitchcock and Tom Greenholtz of Chambliss Bahner. Don Lepard, owner of Global Green Lighting, earlier filed a $10 million "whistle blower" lawsuit, claiming overbilling by EPB on street lighting. ... (click for more)

City Council Taking Applications From Those Interested In Serving On City IDB

The City Council is taking applications from those interested in serving on the city industrial Development Board (IDB).   There are four vacancies on the board that has been in the news for its controversial approval and re-approval of $9 million in Tax Increment Financing (TIF) for developers of Aetna Mountain. Resumes are due by Sept. 29.   ... (click for more)

Walking Among Memories, The USS LST-325

I have walked among the head stones at Flanders Fields and have seen the entrenchment of soldiers with only bayonet tips sticking out of the earth. Later I traveled to Normandy where I stood on the sand and made scuff marks with my shoes on Omaha Beach and climbed the hill to the magnificent American Cemetery there. I again walked among the many, many tomb stones so neatly and ... (click for more)

Roy Exum: Troubling Jameis Winston

One of the greatest things about the American legal system is that each and every crime is judged on its own merits. Just because Arizona Cardinals running back Jonathan Dwyer and Carolina Panthers defensive end Greg Hardy were each arrested for domestic abuse earlier this week, each National Football League football hero will be given an independent hearing and trial, if need be, ... (click for more)