The share of subprime borrowers who are late with their payments has gone up in deals that bundle auto loans. The reason? Weaker credit, and, more interestingly, regulatory scrutiny.
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Loans originated in 2022 or later accounted for 43% of September's foreclosure starts and 49% of completed sales, according to the ICE's first look report.
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Fed finalizes stress test reforms, takes comment on scenarios
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