Mortgage refinancing bill on hold in Senate

The measure is sponsored by Sens. Robert MenendezRobert (Bob) MenendezJustice Dept intends to re-try Menendez in corruption case DACA is neither bipartisan nor in America's interest Senate DACA deal picks up GOP supporters MORE (N.J.) and Barbara BoxerBarbara Levy BoxerDems face hard choice for State of the Union response Billionaire Steyer to push for Dem House push Billionaire Steyer announces million for Dem House push MORE (Calif.), who have said their bill would streamline refinancing for Fannie Mae and Freddie Mac borrowers, including those underwater on their loans but current on their payments. The legislation would eliminate appraisal costs and remove barriers to competition in the Home Affordable Refinance Program (HARP).

Senators attempted to reach an agreement to push the bill through the Senate Banking Committee but have squabbled over Republicans' intention to add language winding down government-controlled mortgage giants Fannie and Freddie. 

So, instead, the bill was slated to go straight to the Senate floor.