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  • Supreme Court to consider Miami's predatory lending suit against Bank of America, Wells Fargo

    The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending. The city sued the megabanks in 2013, accusing the banks of "disproportionately placing vulnerable, underserved minority borrowers in loans they cannot afford." Click the headline to read more.

Real Estate The Ticker

New warning sign that "unlimited" stimulus may not succeed

What is interesting here is that QE3 has not increased future bets on housing. Quite the opposite — it seems the market is saying some form of outperformance top may now be in place in the short-term, and that the most recent iteration of QE actually has not helped move housing expectations very much.

The implication may be that as far as housing is concerned, money is saying the Fed has failed in juicing reflation expectations through home-price increases, and that any "tapering" could cause meaningful weakness to occur, according to MarketWatch.

Source: MarketWatch
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