Politics | Chris Dodd Mortgage Deal Close in Senate Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight By Nick McMaster Posted May 15, 2008 1:11 PM CDT Copied Sen. Richard Shelby, R-Ala., ranking Republican on the Senate Banking Committee, right, is seen with committee Chairman Sen. Christopher Dodd, D-Conn. (AP Photo) A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise, and a vote to move the measure along could come in the next few hours. In addition to the mortgage insurance, the deal would also revamp oversight of government-sponsored lenders Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks. Dodd has said that he has enough support from Democrats to narrowly pass the bill, but is seeking a greater consensus. Read These Next Actor Sam Rockwell gets residuals from movie he wasn't in. Gavin Newsom has filed a massive lawsuit against Fox News. Rick Hurst, Dukes of Hazzards' dopey deputy, dies at 79 New York Times ranks the best movies of the 21st century. Report an error