Two major legislative projects for the mortgage industry are hanging in the balance as Congress wraps up its regular session this week before heading off to a fiercely contested midterm election that could produce a dramatic shift in the balance of political power.During the 109th Congress, the House managed to finish a major bill to reform the government’s oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, as well as a bill to imple-ment major reforms to the...