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.

Teresa Groves Earns Seniors Real Estate Specialist Designation

Teresa Groves, an affiliate broker with Real Estate Partners Chattanooga LLC, has earned the nationally recognized Seniors Real Estate Specialist designation from the Seniors Real Estate Specialist Council of the National Association of Realtors. Officials said, "Working with seniors to meet their housing needs requires an expert understanding of their lifestyle and financial ... (click for more)

Building At 100 Tremont Street Sells For Almost $2.5 Million

An older North Chattanooga building has sold for almost $2.5 million. The Tremont Building is at 100 Tremont Ave. The sale was  to Edrington Holdings Llc from  Noon  Memphis Llc  for  $2,487,000. Built in 1920, the property features a  7,501-square-foot lot , and  5,838 square feet of living space . (click for more)

Alexander Says Chickamauga Lock Construction Fully Funded For 4th Consecutive Year

Senator Lamar Alexander on Wednesday said the government funding bill will fully fund construction of Chickamauga Lock for the fourth consecutive year, providing up to $78 million – which is more than twice the amount of funding the project received last year.   Senator Alexander said he has made completion of Chickamauga Lock one of his top priorities as chairman ... (click for more)

Former Juvenile Court Magistrate Says Gay Marriage Is "Nothing You Put In Air Quotes"

A former magistrate at Juvenile Court, who claims she was fired by Judge Rob Philyaw because she is openly gay, said Wednesday that gay marriage "is nothing you put in air quotes." She referred to County Attorney Rheubin Taylor asking her about her ceremony in marrying another woman and raising his hands to form quote marks. Elizabeth Gentzler is suing Hamilton County, Judge ... (click for more)

Avoid Underage Drinking And Other Prom Drama

My high school prom took a dramatic turn when two guys got their tuxedo jackets mixed up. One of them belonged to my date, who kindly offered to keep my wallet in his pocket. That’s the jacket another young man mistakenly grabbed off the back of a chair before heading to an underage drinking party that got shut down by police well after midnight—as kids scattered in every direction.  ... (click for more)

Roy Exum: The Famed Freitas Speech

Several weeks ago a member of the Virginia House of Delegates (that’s what Virginia calls the state legislature) stood up and before that body responded to a claim by a Democratic lawmaker that Republicans were pro-Second Amendment and segregationists. Nick Freitas, who did two tours in Iraq with our Army’s Special Forces and has talked candidly about losing friends to terrorist ... (click for more)