Tag: National Association of Realtors Congressional Fund

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Rep.Scott Garrett Meets With the Trump Transition Team

scott garrett trump tower
December 16,2016

the staff of the Ridgewood blog

Ridgewood NJ, Rep. Scott Garrett  may get his revenge despite the conservative’s recent election loss.It’s being reported that Rep. Scott Garrett has met with the Trump Transition Team and he may get a job at the Federal Housing Finance Agency or the Securities and Exchange Commission (SEC) .

Scott Garrett, a veteran House Republican who lost his re-election bid last month, met with Trump transition officials in New York Thursday morning, as a sign he is under consideration for a top position in the Trump administration.

While New Jersey voters turned their backs to Garrett and instead elected Democrat Josh Gottheimer, a former Microsoft Corp. executive who tied his fortunes to Hillary Clinton trading a veteran policy wonk for a substanceless out of power Clintonista with no political clout.

The new Trump Administration has prioritized many of Scott Garretts main issues including the repeal of Dodd-Frank, repeal of Obamacare and removing the too big to fail provisions from virtually all Federal agencies.

Garrett showed up at Trump Tower in Manhattan at about 10 a.m., according to the press. Garret declined to say whom he was meeting with but told reporters it was neither President-elect Donald Trump nor Mike Pence, with whom Mr. Garrett is said to be close too.

Garrett a longtime critic of federal housing policy is reported interested in a role at the Federal Housing Finance Agency, which oversees the government mortgage giants, Fannie Mae and Freddie Mac, according to people familiar with the matter.

The National Association of Realtors Congressional Fund spent $1.3 million supporting Gottheimer, including $146,000 for online ads, $529,000 for mailings and $590,000 for TV ads .Garrett crossed the Realtors group by pushing a bill in 2013 that would have scaled back the role of Fannie Mae and Freddie Mac, the government-backed companies that buy mortgages from lenders.

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Gottheimer with help from the National Association of Realtors Congressional Fund push for more bank bailouts

Josh Gottheimer
October 11,2016

the staff of the Ridgewood blog

Ridgewood NJ, Josh Gottheimer has picked up the support of another special interest looking to scam the US taxpayer out of more money. Gottheimer and his “Bailout Nation” are getting help from the National Association of Realtors Congressional Fund which is looking to spend $1.3 million supporting Gottheimer, including $146,000 for online ads, $529,000 for mailings and $590,000 for TV ads .

Congressmen Scott Garrett in an effort to end bank bailouts crossed the Realtors group by pushing a bill in 2013 that would have scaled back the role of Fannie Mae and Freddie Mac, the government-backed agencies that buy mortgages from lenders.

The bill, known as the PATH Act, (Protecting American Taxpayers and Home­owners), would have ended the government guarantee that stands behind mortgage-backed securities issued by Fannie and Freddie and relieve taxpayers of the burden of among other things of bailing out subprime mortgages issued by banks.

In 2013 Garret called the PATH Act a bill that would create a sustainable housing finance system, saying, “Approximately five years ago our nation was hit with an unprecedented financial crisis.  Today, I am pleased to be introducing legislation that continues the process of addressing the core cause of it—the government’s misguided efforts at allocating mortgage credit through Fannie Mae and Freddie Mac.

“The federal government’s domination of the housing finance market has left taxpayers on the hook for $5.1 trillion in mortgage guarantees.  The PATH Act finally takes control away from Washington bureaucrats and allows the American people the freedom to have more choices in determining which mortgage best suits their needs.

“The PATH Act will finally end the largest bailout in history and will put our country back on a path to a sustainable housing finance market that benefits both taxpayers and homebuyers.  I urge its swift passage by Congress and look forward to it being signed by the President.”