House staff sources believe a compromise has been reached on legislation to change the regulatory structure for the two principal government-sponsored housing enterprises but their Senate counterparts are not as sanguine.

A version being drafted by the Office of the House Legislative Counsel follows the House legislation on the form of a new regulator for the Federal National Mortgage Assoclation and the Federal Home Loan Mortgage Corporation. It follows the Senate version on capital requirements and affordable housing goals. Undecided is how the companies' requests to introduce new programs would be handled.

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