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Ellis Gardner

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Ellis' Real Estate Blog

National, State and Local Housing Experts Gather in Chattanooga

Today I attended "The Path to a Strong Real Estate Market" which was the focus of a high-powered panel of experts assembled at UTC by Senator Bob Corker.  The panelist represented policy shapers from Washington DC as well as Tennessee and Chattanooga experts in Housing Finance.  Everyone agreed that the tax-payers do not deserve to take the risk backing home loans while the lenders reap the rewards, each panelist had their own perspective of what the final solution looks like - with or without Fannie Mae or Freddie Mac.  One tangible result from this gathering was articulated by local developer and my long time friend, Mike Moon (paraphrased) "Since the Chattanooga Economy is rather rosey compared to the national norm, a one-size-fits-all national solution does not help us here.  We need the lending institutions to release more money to invest in the good thing we have going on here in Chattanooga."

Chaired by UTC's Probasco Chair, J.R. Clark along with Senator Corker the Panelists were:
  1. Mr. Raphael Bostic, assistant secretary for Policy Development and Research, U.S. Department of Housing and Urban Development
  2. Mr. Greg Gonzales, commissioner, Tennessee Department of Financial Institutions
  3. Mr. Andrew Howell, executive vice president and chief operating officer, Federal Home Loan Bank of Cincinnati
  4. Mr. David Johnson, president and chief executive officer, Chattanooga Neighborhood Enterprise
  5. Mr. Chris Katopis, executive director, Association of Mortgage Investors
  6. Mr. Patrick Lawler, chief economist and associate director for Policy Analysis and Research, Federal Housing Finance Agency
  7. Mr. Jim Vogel, executive vice president, First Tennessee Financial

Then I came home and launched this website.  It was the least I could do to help.

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