The agency share of mortgage originations is expected to remain elevated for years to come due to profits at the government-sponsored enterprises, increasing home prices, a lack of non-agency production, and the new ability-to-repay rule, according to industry participants. The factors have combined to reduce the push for the Obama administration and Congress to take action on GSE reform. The most recent impediment to GSE reform appears to be new profits reported by Fannie Mae and Freddie Mac, along with expected profitable quarters going forward due to repurchase settlements, home price appreciation and other positive trends. “The Treasury Department has...