(RECAP: In terms of reforming the secondary mortgage market, all eyes are currently on the bill, sponsored by Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, that the Senate Banking Committee is set to vote on April 29. Lost in all of the discussion, however, is how the federal government plans to coordinate pricing and policy across what would be its two mortgage insurance funds. One thing is certain: guarantee fees will rise in a post-Fannie Mae/Freddie Mac environment and that has implications on the solvency of the FHA’s Mutual Mortgage Insurance Fund.)