Shaun Donovan optimistic about housing reform

(RECAP: HUD Secretary Shaun Donovan said he is encouraged by the work being done in Congress to reach an agreement on what to do with government-owned mortgage giants Fannie Mae and Freddie Mac. Donovan predicted that a bill would emerge in the Senate Banking Committee “in the next few weeks.” Donovan’s comments were more optimistic than those of outside observers following the debate. Anxiety has grown in Washington among advocates of overhauling the mortgage finance system that the window to do much this year is closing as Fannie and Freddie are churning out record profits and the mid-term elections approach.)