Tennessee RealEstateRama

Washington, DC - July 13, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9) today announced that Memphis will receive $3,329,685 from the U.S. Department of Housing and Urban Development (HUD) to help re-house families who fall into homelessness, or prevent them from becoming homeless in the first place.

Washington, DC - July 9, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9), Chairman of the Subcommittee on Commercial and Administrative Law (CAL), today held a hearing on the Obama Administration’s plan to help homeowners on the brink of foreclosure. The President’s plan allows struggling homeowners to voluntarily modify their mortgage payment.

Washington, DC - 06 July 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9) today announced $14,426,201 in federal funding has been awarded to the Ninth Congressional District by the U.S. Department of Housing and Urban Development, the U.S. Department of Health and Human Services and the National Endowment for the Arts.

WASHINGTON, DC - June 10, 2009 - (RealEstateRama) – Today, Congressman Phil Roe (TN-1) announced the Appalachian Electric Cooperative in Hamblen, Sevier and Jefferson Counties have been selected to receive funds in loans to build and repair distribution and transmission lines as well as make system improvements that will benefit customers.

Washington, DC - May 20, 2009 - (RealEstateRama) — Late this afternoon, Congressman Steve Cohen (TN-09) participated in a White House ceremony with President Obama that enacted S. 896, The Helping Families Save Their Homes Act. The new law is aimed at helping homeowners and renters in the grips of the foreclosure crisis.

Knoxville, TN - May 19, 2009 - (RealEstateRama) — Four individuals suspected of a multi-million dollar mortgage fraud scheme in Shelbyville, Tennessee, were arrested today, without incident, by special agents of the Knoxville Division of the Federal Bureau of Investigation (FBI) Chattanooga Resident Agency and investigators with the Bedford County Sheriff's Office (BCSO).

WASHINGTON, DC - May 18, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to four storm-ravaged counties in Tennessee and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, tornadoes, and flooding.

WASHINGTON, DC - May 13, 2009 - (RealEstateRama) — Congressman Phil Roe (TN-1) continues to fight for fundamental reform and accountability in many ways, including reform of organizations such as Freddie Mac and Fannie Mae. However, HR 1728 makes no mention of these entities, it encourages excessive litigation for foreclosure related issues and it simply slows down the housing recovery process by undermining current efforts that are already underway.

WASHINGTON - May 5, 2009 - (RealEstateRama) — U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, today offered an amendment (#1019) to the housing bill (S. 896) to ensure servicers consider all options available to homeowners, not just modification or foreclosure.

WASHINGTON, DC - February 3rd, 2009 - (RealEstateRama) — U.S. Senator Lamar Alexander discusses the need to fix the housing market, remove wasteful spending from the stimulus bill, and cut taxes to create jobs and jumpstart the economy on CNN.