The Senate Banking Committee is moving forward with a plan to overhaul the housing finance system, but leaders still face a delicate balancing act in swaying some Democrats on the panel to sign on to the bipartisan effort.

Chairman Tim Johnson, D-S.D., and Sen. Mike Crapo, R-Idaho, the committee's ranking member, are likely to unveil a proposal soon to overhaul Fannie Mae and Freddie Mac that draws from another bipartisan plan introduced last year.

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