The House voted overwhelmingly last month in support of H.R. 1461, but most observers believe there is little chance the vote will spur Congress to finalize a GSE reform plan this year. “I just don’t see how [H.R.] 1461 in its present form can move forward,” said Bert Ely, an industry consultant and GSE critic. “It’s a near certainty that we won’t see GSE reform this year. And I think it’s a reasonable possibility that...