The House moved forward with landmark legislation this week that would create a new regulator for Fannie Mae and Freddie Mac – and allow for higher conforming loan limits in areas with high home prices. H.R. 1461 survived a lengthy debate to garner a substantial 331-90 victory on the House floor on Oct. 26. The legislation would create one regulator, the Federal Housing Finance Agency, for the housing-related government-sponsored enterprises. It would also set up…