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.


Real Estate Transfers For June 8-14

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 Chattanoogan.com 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)

Historic Wren's House At Monteagle Offered In Online Auction

The historic "Wren's Nest" at Monteagle is being offered for sale in an online auction. Auction agent Brad Muse said the home has eight bedrooms and four baths and comes fully furnished. It has a one-acre bluff view lot. He said, "It's a magnificent place to call home or escape to the mountains with family and friends or experience history with million dollar views. "Enjoy ... (click for more)

Public Markets To Manage And Operate Finley Stadium

The Stadium Corporation board of directors, at a special board meeting Thursday, gave approval for Public Markets, Inc., (PMI) the entity that oversees the Chattanooga Market, the River Market, the Collegedale Market and Cambridge Square Market, to handle the management, operations and administration of the stadium. Executive Director of PMI Chris Thomas and his staff stepped ... (click for more)

Man Charged In North Chattanooga Murder Says "Wrong Number" Led To Drug Deal That Went Bad

A man charged in a North Chattanooga murder said a "wrong number" led to his chance meeting with victim Charles "Chas" Holsey and a drug deal that led to the March 2, 2015, slaying. Briston "B.J." Smith Jr. told investigators he thought he was dialing a friend named "Clack" who he said sells marijuana. By getting one digit wrong, he wound up texting with Holsey, who by chance ... (click for more)

Tom Edd Wilson Was A Great Visionary

We want to add to the many heart-felt messages that have been expressed regarding the recent passing of Tom Edd Wilson, a truly great visionary.    While he made his mark on many local organizations, Tom Edd will always hold a special place in the hearts of those who worked closely with him at Erlanger.   We benefited greatly from his steady guidance, leadership ... (click for more)

Roy Exum: Leaders Stand ‘Way Back’

Franklin McCallie, a former principal at Howard School and the maverick in one of Chattanooga’s finest families known for education, delivered an impassioned speech before the Hamilton County Commission on Wednesday. Sadly, his remarks came after the commissioners had passed the FY2018 budget that has no financial methodology for the Department of Education, much maligned in the ... (click for more)