Sen. Dodd to meet Bernanke, Paulson on mortgages

WASHINGTON (Reuters) - U.S. Senator Chris Dodd said on Tuesday he plans to meet Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson to discuss provisions of recently-passed housing legislation aimed at helping borrowers with mortgages they cannot afford.

Dodd, a Connecticut Democrat who chairs the Senate Banking Committee, said he was meeting to discuss the "HOPE for Homeowners" initiative, which provides new mortgages through Federal Housing Administration-approved lenders to refinance certain loans at a discount.

The meeting is scheduled for 5 p.m. EDT on Tuesday.

(Reporting by Mark Felsenthal)