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Americans Can Now Default on a Burrito — And Other Signs We’ve Lost the Plot
Klarna, the “buy now, pay later” company, just reported a staggering $99 million loss—apparently proving that yes, you can default on fast food. Meanwhile, UWM is rolling out AI that handles client calls for loan officers, raising questions about the future role of humans in the mortgage process. Mortgage rates are creeping back toward 7% as a credit downgrade battles quietly resumed Fed bond buying.
