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.


Keller Williams Volunteers To Help Habitat For Humanity

Associates from the Keller Williams East Brainerd and Hixson offices will be among more than 134,000 Keller Williams associates worldwide participating in the real estate franchise’ eighth annual RED Day on May 12 from 8:30 a.m.-4:30 p.m.   The Keller Williams' associates will be cleaning and organizing the Habitat for Humanity Warehouse at 1201 E. Main St.  ... (click for more)

20 Women To Participate In Habitat's National Women Build Week Saturday

Twenty women comprising of Habitat for Humanity of Greater Chattanooga Area volunteers and Lowe’s Heroes employee volunteers will devote the day before Mother’s Day to help a mother build an affordable place she can call home on Saturday. This project is part of Habitat for Humanity’s National Women Build Week, which takes place April 30-May 8. The project also supports “Home ... (click for more)

Kevin Muhammad Says City Programs Failing; More Attention And Funding Needed For Impoverished Inner City Youths

Nation of Islam leader Kevin Muhammad told a packed house at City Council on Tuesday night that a large segment of Chattanooga is impoverished, while parts of the city are enjoying a Renaissance. Given 20 minutes for a "State of the People" address, he said many city programs are failing, including the Violence Reduction Initiative and a Youth and Family Services reading program. ... (click for more)

County Commission Told To Fully Fund County Schools Improvement Request Would Take 28 1/2-Cent Property Tax Increase; 78 School Personnel Would Be Added

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Marvelous News From Central High School

To Roy Exum:     With all the recent news of major dysfunctions within our educational system, I thought I might alert you to something better. About a year ago you ventured up Highway 58 to Central High School to represent your late grandfather, Roy McDonald, as he was honored as a Distinguished Alumnus during the annual Senior Day festivities. I sort of expected ... (click for more)

Roy Exum: The DA’s Cold-Case Quest

It is clearly a job nobody can do for over an hour or two, but Neal Pinkston, working in hand with precise professionals from the county’s auditing department, is intent on doing the right thing. As I watched a revolving team of four people at a time open and study envelopes of autopsy photographs on Tuesday, the scene would have made a fascinating television documentary. But ... (click for more)