The future of the mortgage market is assuming a much more prominent position in policy discussions among Congressional lawmakers, particularly in the Senate. But while there is real reason to expect progress on a legislative solution to Fannie Mae, Freddie Mac and a privately funded secondary market this year, Capitol Hill insiders warn that the endgame should be measured in years, not months. Speaking at the Mortgage Bankers Association’s annual convention in Washington this week, former House Financial Services Committee Senior Counsel Michael Borden and former Senate Banking, Housing and Urban Affairs Committee Staff Director Dwight Fettig agreed it’s a virtual certainty that a final reform bill will not materialize during the 113th Congress. “I think we’re...