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Discussions center around a deal that would be executed through a court-supervised Chapter 11 sale process or via a shareholder vote.
Ally Financial reported higher auto loan delinquencies and charge-offs in the third quarter, even as loan originations and applications grew. The mixed trends came amid persistent affordability pressures on consumers.
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.