The House Financial Services Committee, which he chairs, is nearing completion on a housing stimulus package.
The Federal Housing Administration takes a bigger role under most emerging plans.
It approves a $15 billion bipartisan package Thursday after several contentious measures are dropped.
Reception to reform is warm on the Hill, but lawmakers seek more urgent action.
Debate over what's fair and what's wise is likely to intensify as US tries to contain the crisis.
On the Hill, bills range from rule changes allowing judges to rewrite mortgage terms to a financial-sector overhaul.
Two keys: Stabilize home values while keeping Wall Street calm, analysts say.
Treasury secretary calls for tighter reins on financial markets as mortgage turmoil continues.
Calls for his resignation mount, after the ethics crusader said he failed to live up to his own standards.