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.

October Home Sales Indicate Increase In New Listings

The October home sales report from the Greater Chattanooga Association of Realtors includes a healthy rise in new listings.  Transitory periods in the market are common this time of year, and after a persistent period of steady year-over-year climbs in sales metrics, recent low national numbers have not fulfilled what many predicted. But on a positive note, jobless ... (click for more)

Real Estate Transfers For Nov. 12-18

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)

Volkswagen Stockholder Files Suit Against Automaker At Chattanooga; Seeks Class Action Status

A Volkswagen stockholder has filed suit in Federal Court in Chattanooga against the automaker, charging that its stock was over-valued and that it has now plummeted due to revelations about emissions cheating. The suit was filed in behalf of Michael Wolfenbarger by Knoxville attorney Gordon Ball and Nashville attorney James Stranch III. It seeks class action status for those ... (click for more)

Woman In Critical Condition After Being Shot In The Face Saturday Night Near O'Rear Street

A woman is in critical condition after she was shot while driving in Chattanooga on Saturday night. Just after  9 p.m. , the Chattanooga Police Department responded to reports of a person shot. Once on the scene, police located a female victim near the 2500 block of O'Rear Street suffering from a life-threatening gunshot wound to the face. The victim was driving a ... (click for more)

Misconceptions About Ban The Box

Mr. Exum,  I want to invite you as a guest speaker at the NAACP General Membership meeting.  I believe we can accomplish our goals and clear up any misconceptions about Ban The Box and the role of the NAACP in a much more meaningful manner face to face.   In that vein I would like to invite you to have coffee with me at Panera Bread.  I will not make a ... (click for more)

Roy Exum: My Great Thanksgiving

In order for you to best understand this, last Thursday was the first Thanksgiving I have ever spent alone.  Don’t misunderstand, I had a fistful of kind invitations but I am the only remaining member of my immediate family around here and I guess I started dwelling on that a little too much as the holiday neared. Making out my “thankful” list helped, and I ate enough with ... (click for more)