No major changes to housing finance reform likely will take place now that President Obama has won reelection, HousingWire reported Nov. 7.

Analysts with Compass Point Research & Trading told HousingWire that Obama likely will keep Edward J. DeMarco as the head of the Federal Housing Finance Agency, despite extensive political opposition to the acting director’s appointment and continued service in the role.

HousingWire noted that some experts think the lack of change in the status quo also could mean that Congress would move forward with the proposed Responsible Homeowner Refinancing Act of 2012. Known as the Menendez-Boxer bill, it would remove representations and warranties for new servicers, eliminate up-front refinancing fees and appraisal costs and would be covered instead by a 10-basis points surcharge on refinanced home loans.

However, analysts at Compass Point reported that the proposed bill still is unlikely to gain traction.

Uncertainty over some aspects of the Dodd-Frank Act also is likely to remain, including whether or not the Consumer Financial Protection Bureau will offer a safe-harbor provision to the qualified mortgage rule, HousingWire reported.