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.


Housing Voucher Program Leads To Life-Long Friendship

It was a stroke that took Hazel Husband’s ability to speak in 2014, but she was determined not to let it take her independence. The feisty 73-year-old, who was born in Laurel, Ms., was once a resident of the Chattanooga Housing Authority’s (CHA) Harriet Tubman complex. When it closed in 2012, Ms. Husband, using the CHA’s Housing Choice Voucher Program, found a new home in East Chattanooga. ... (click for more)

Real Estate Transfers For Jan. 15-21

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6,533 Apply For Chattanooga Housing Authority Voucher Program

The Chattanooga Housing Authority closed its Housing Choice Voucher Program application process Monday at 11:59 p.m. There were 6,533 applicants. CHA will randomly select 1,000 of those names on Monday, for the voucher program waiting list. Anyone who is not selected will need to apply again in the future.  The Housing Choice Voucher program is a federal government program ... (click for more)

Times Free Press Pays Bonuses, Has Layoffs

The Chattanooga Times Free Press told employees on Monday that the newspaper had improved financial performance over the prior year quarters and employees were receiving two percent bonuses. Sources said at the same time, the newspaper announced some layoffs. Those include four people in the newsroom and an unspecified number in other departments. Bruce Hartmann, president, ... (click for more)

We Need The Chattanooga History Center

Having been on several of Dr. Daryl Black's walking tours, I can say that they weren't just informative, but a treat. The downtown, Fort Wood and Ninth Street of yesteryear were brought dramatically to life. We stood on the ground where Sherman had his headquarters (near the Ice Cream Show) and the corner where Bessie Smith sang as a young girl. And we also stood beneath the ... (click for more)

Roy Exum: He’s Exempt From Drunk

I love the old story about a popular Senator who, during the Cuban Missile Crisis, was asked late one evening, “Sir, what if we get bombed?” to which came the quick reply, “I’d be absolutely delighted … I can get one of my aides to drive us home afterwards.” You think of stuff like that when word comes from Kentucky that state legislator Brandon Smith was caught driving erratically ... (click for more)