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Inside Washington (09/08/2009)
* WASHINGTON (9/9/09)--Sen. Christopher Dodd (D-Conn.), chair of the Senate Banking Committee, has decided against succeeding the late Sen. Edward M. Kennedy (D-Mass.) as chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, Washingtonpost.com reported late Tuesday. Dodd has scheduled an 11 a.m. press conference today to announce his decision. Dodd was overseer of the HELP Committee's health care legislatioin while Kennedy battled brain cancer for more than a year. According to a report in Roll Call earlier in the day, Dodd was being encouraged by some financial industry lobbyists to head the health panel. If Dodd had taken the position, Sen. Tim Johnson (D-S.D.) would have become chair of the Senate Banking Committee ... * WASHINGTON (9/9/09)--Rep. Barney Frank (D-Mass.) would like to be in President Barack Obama’s cabinet, according to Frank’s new biography, written by Stuart Weisberg (The Hill newspaper Sept. 7). Frank said his departure from Congress is not imminent. He wants to pass more legislation on affordable housing and to have at least two years with Obama as president and a Democratic Senate, he said ... * WASHINGTON (9/9/09)--Lenders are supporting the Small Business Administration’s decision to increase the amount of goodwill value a lender can finance when making a loan to a borrower that wants to buy a small business. The change, which doubles the goodwill value to $500,000, was announced by SBA last week. The SBA is “addressing our issues, and seems to be taking steps” to attract new lenders, said Tony Wilkinson, president, National Association of Government Guaranteed Lenders ... * WASHINGTON (9/9/09)--The Department of Housing and Urban Development (HUD) has confirmed a final rule attempts to improve the quality of HECM counseling. The rule amends the department’s Home Equity Conversion Mortgage (HECM) program by establishing testing standards to qualify individuals as HECM counselors eligible to provide counseling to prospective borrowers. It also establishes an HECM Counseling Roster of eligible counselors. The rule is effective Oct. 2 ...


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