The Senate's confirmation of Mel Watt for director of the Federal Housing Finance Agency, the regulator of bailed-out housing companies Fannie Mae and Freddie Mac, ends a prolonged fight over who should hold the key housing post.
Fannie and Freddie will charge a higher fee to guarantee mortgages, especially in states where foreclosure timelines are exceedingly long.
The ceiling on loans for single-family homes in highest cost areas would drop to a maximum of $625,500 from $729,750, effective Jan. 1.
A new default threat may be arising among second-lien home equity lines of credit extended during the height of the boom.
The foreclosure inventory rate drops to 2.2% of all mortgages from 3.1% a year earlier, but it remains elevated.
Trulia Chief Economist Jed Kolko says the latest jobs report has good news for housing.
The Los Angeles City Attorney sues two of the nation's largest banks for alleged discriminatory mortgage lending practices which it contends led to a wave of foreclosures, hurting property tax revenue.
2014 could offer some relief to homebuyers who have been shut out of the market by tough credit standards and bidding wars.
Positive building-permit data buoyed homebuilder stocks earlier this week.
The Bank of England cut support for mortgage loans Thursday in a move to reduce the risk of another housing bubble.