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Some 2.9% of the pool—comprised of 1,705 loans—was 30 days delinquent, and 68.3% of the loans had experienced one or more delinquencies in the past 24 months.
October 28
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Stocks slid along with U.S. equity futures as disappointing results from tech giants soured sentiment and marred a tentative recovery in equities. Treasury yields rose.
October 28
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The share of home loans late by more than 30 days or in foreclosure in August inched back down to 2.8% from 3% the previous month, according to CoreLogic.
October 27
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The consumer lending fintech held about one-third of its loan originations on its balance sheet and fortified its deposit base this quarter.
October 27
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New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.
October 27
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Delinquencies in the 30-day-plus cohort have not produced higher gross losses, and recoveries in recent static pool vintages are retreating to historical averages.
October 27
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The economy grew at a solid pace in the third quarter, marking the first advance this year as consumers proved resilient amid widespread inflation and the Fed's hikes.
October 27
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Michelle Seitz tells attendees at American Banker's Women in Banking NEXT awards to take advantage of the networking and mentoring available to them that she didn't have access to at the start of her own career.
October 26
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An appeals court ruling last week found that the Consumer Financial Protection Bureau's funding structure violates the Constitution, but another court filing shows how the agency might fight back.
October 26
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The 2022-C deal has a weaker borrower profile among loans with 61- to 72-month terms, loan terms that typically have higher loss frequency and defaults.
October 26
