Seven months after his was nominated, the U.S. Senate this week confirmed former Rep. Mel Watt, D-N.C., to head the agency that oversees Fannie Mae and Freddie Mac, the giant companies that control much of the mortgage market.
The vote occurred after Democrats changed the rules on filibusters — now the Senate can confirm presidential nominees with a simple majority.
For people who watch the U.S. housing market, Watt's confirmation is a very big deal that could mean easier credit.
The first in my series of posts on The First Novel Experience was called "The Romance of Agents." A couple of people wrote me after it was posted and asked if I was going to include in this series any stories of any writers who'd had a bad time with their books. I thought about it and decided no – at least not yet.