The House Financial Services Committee, which he chairs, is nearing completion on a housing stimulus package.
Unable to sell, a growing number of homeowners are simply pulling homes from market.
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.
Banks raise capital; senators look at a bipartisan mortgage-rescue package.
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.
Economists wonder if the Bush administration is ideologically inclined to do what's needed to rescue economy.
Treasury secretary calls for tighter reins on financial markets as mortgage turmoil continues.