Senate Mark-up of FHA Reform in Jeopardy?

Senate Banking Committee leaders are trying to put together a Federal Housing Administration bill that the committee can mark up and pass on Wednesday, but they appear to be having trouble.Sources indicate that the committee chairman, Sen. Christopher J. Dodd, D-Conn., and Sen. Richard C. Shelby, R-Ala., will attempt to reach a compromise by Tuesday. If that fails, Sen. Dodd will likely call off the mark-up, which has not been officially announced. Originally, Sen. Dodd wanted to mark up an FHA reform bill and a flood insurance reform bill. The FHA reform bill is designed to make the FHA single-family program more competitive in the marketplace and more attractive to borrowers so it can regain some of its market share and help subprime borrowers.