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Earnings kicks off next week, but there is plenty on the political and regulatory front.
The mortgage industry is in for several changes in 2014, but the outlook for credit is starting to pick up.
The FHFA entered into settlements with seven financial institutions in 2013 over private-label securities sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis. It still has cases pending against 12 other banks.
As the cost of homeownership and renting soar, Washington is likely to focus on easing credit and improving affordability.
The widely followed Case-Shiller 20-City Composite Index showed growth year-over-year and month-to-month roughly in line with consensus estimates.
The number of contracts signed to purchase previously owned homes rose after five months of declines, but fell short of analysts' projections.
Home price gains slowed further in October, with several cities actually seeing a decline in values, according to the latest data from Lender Processing Services.
Sales of newly built homes were at a seasonally adjusted annual pace of 464,000, against consensus estimates of 450,000. The Census Bureau also revises upward estimates for August, September and October.
The latest mortgage application survey from the Mortgage Bankers Association shows a drop in both refinance and purchase applications, as borrowers reacted to the Fed's plan to taper bond purchases.
Investors accounted for 18.8% of all home purchases in November and are gaining share in the non-distressed home market.