Analysis

It raises its 2024 outlook for new cars to used car sales to a 2% gain, and new cars sold through dealers to 1.6%.

Latest forecast shifts more of this year's expected mortgage origination rebound to this spring.

National Association of Realtors reports the January-to-February rise is the biggest month-to-month gain in a year.

But delinquency rates started to rise in the fourth quarter, especially in the safe haven of multi-family real estate.

The trifecta of lower income, higher expenses and huge loan loss provisions drags earnings into the gutter.

Net losses for the three months are more numerous and deeper than in recent quarters.