Senate's Housing Plan; Mervyn's Exit; China's Return ...

Receiving Wide Coverage ...

Senate Housing Finance Reform Plan Drops: The newly unveiled Corker-Warner plan enjoyed strong support Tuesday from various quarters — senators of both parties, the White House and mortgage industry reps all sounded positive notes — but the papers remind their readers that the overhaul is still likely going nowhere. Right now House Financial Services Committee Chairman Jeb Hensarling, R-Texas, is the most obvious obstacle. But as American Banker's Victoria Finkle notes, the...