By Tory Barringer | 12/02/2013
The Index of Consumer Sentiment, a joint measure tracked by the University of Michigan and Thomson Reuters, rose to 75.1 for the final November tally, making up some of the ground lost in October, when it dropped to 73.2. Last year, the index was measured at 82.7. While November's improvement made up somewhat for October's shutdown-related losses, consumers still feel stung by the government's economic debate. Spontaneous negative references to the government's economic policies were made by 32 percent of Americans in November.
By Carrie Bay | 11/25/2013
Now that Senate Democrats have changed the chamber's rules to block filibusters of executive appointments, analysts anticipate a much easier path for Rep. Mel Watt.
By Krista Franks Brock | 11/22/2013
With the federal government shutdown and debt ceiling negotiations still fresh in the nation's collective mind, Fannie Mae expects "continued market volatility" heading into the start of 2014.
By Ashley R. Harris and Tory Barringer | 11/21/2013
The Senate Banking Committee has voted to approve Janet Yellen's nomination to chair the Federal Reserve, bringing Yellen one step closer to being the first woman to serve as head of the country's central bank.
By Ashley R. Harris | 11/19/2013
A new report published by the Opportunity Agenda, National Fair Housing Alliance, and the National Association of Real Estate Brokers (NAREB) claims that the U.S. housing policy is broken.
By Krista Franks Brock | 11/07/2013
Asking prices rose 12.5 percent year-over-year in October blue metros and 11.1 percent in red metros, according to the Trulia Price Monitor.
By Tory Barringer | 11/04/2013
Homebuyers shook off their fears and returned to the market in force following the re-opening of the government in October, according to data presented by Redfin's Research Center. Despite reports of consumer confidence waning, Redfin customers seemed relatively unfazed. "My clients think the ugly showdown we saw in October is unlikely to happen again," reported Philip Gvinter, a Redfin agent based in Washington, D.C. "After putting their home search on hold during the shutdown, they are ready to get back out there."
By Tory Barringer | 10/31/2013
Senate Republicans blocked on Thursday a vote on the nomination of Rep. Mel Watt (D-North Carolina) to head up the Federal Housing Finance Agency (FHFA). Watt's nomination was stopped in a 56-42 vote to end the debate over his confirmation. Sixty votes were needed to invoke cloture and move forward. The agency has been led since 2009 by acting director Edward DeMarco, who has attracted criticism from Democrats and consumer advocates who say he hasn't gone far enough to help distressed homeowners.
By Tory Barringer | 10/28/2013
Mortgage Bankers Association (MBA) president and CEO David Stevens took the stage at the group's 100th Annual Convention and Expo Monday morning, reflecting on the last century in housing and shining a spotlight on today's challenges. While he notes that the government's response to the economic crisis has seen its share of successes, he also says Washington needs to recognize and take responsibility for the shortcomings of its policies, a step he believes policymakers have been reluctant to take.
By Krista Franks Brock | 10/22/2013
While the government works toward GSE reform, Keefe, Bruyette & Woods (KBW), a financial services provider; says reform for the Federal Housing Administration (FHA) should also be a top concern.