Mortgage News

Archive for the ‘Tools’ tag

NAR and DOJ Reach 10-Year Settlement of MLS Anti-Trust Suit

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The U.S. Department of Justice (DOJ) announced on Tuesday that it had
reached a proposed settlement with the National Association of Realtors
(NAR) to end a long-simmering dispute over the use of multiple
listings on the Internet
.

The basis of the dispute and an eventual anti-trust lawsuit against NAR filed in 2005 was what DOJ
called “policies and related rules that obstructed real estate brokers
who use innovative Internet-based tools to offer..

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Fed’s Bernanke Says Impossible to Tell When Markets Will Normalize

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In a letter to U.S. Senator Chris Dodd, Fed Chairman Ben
Bernanke
said it is impossible to tell when markets will
normalize and that the Fed is constantly reviewing its monetary policy
tools to make them more effective.

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Uncommon Times Call For Uncommon Measures : The Many Tools In The Federal Reserve’s Toolbox

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While former Fed Chairman Alan Greenspan goes to the press in defense of his reputation, the Wall Street Journal’s Greg Ip gets practical, talking about the Federal Reserve’s options as the current credit crunch deepens. Cut the Fed Funds Rate?…

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