WASHINGTON — With the election over, many hoped the Obama administration and Congress might soon get serious about housing finance reform, an issue that has languished for more than four years.

Yet policymakers do not appear in a rush to take on the future of Fannie Mae and Freddie Mac because of the political complexity of the issue, the government-sponsored enterprises' recent positive economic performance and incremental steps taken by federal regulators to restructure the mortgage market.

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