KBW says eight GSE reform bills barely dent mortgage market

``Keefe, Bruyette & Woods believes all eight bills proposed last week will pass; however, "they do not fundamentally change the GSEs' business models nor do they create conditions for the private sector to replace Fannie Mae and Freddie Mac." Instead the proposed legislation addresses oversight issues, which means little structural change will manifest because of them, according to a report released by KBW Tuesday.''