In short, it needs the mortgage buyers to be healthy for the housing legislation to work properly.

FORBES: Rescuing Fannie And Freddie

U.S. Treasury Secretary Henry Paulson has indicated his support for passing housing legislation currently being negotiated in the Senate, after the House of Representatives passed its version last week.

FORBES: Paulson Boosts Housing Bill

Dodd, who is chairman of the Senate Banking Committee, which is about to bring major housing legislation to the floor, refinanced two loans in 2003 for his homes in Connecticut and Washington, D.

NPR: Senators Reportedly Got Favors from Countrywide