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» Consumer Leverage Increasing for Borrowers Backing MBS and ABS, but Systemic Risks Appear Contained
Consumer Leverage Increasing for Borrowers Backing MBS and ABS, but Systemic Risks Appear Contained
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Consumer debt reached a new high at the end of the third quarter of 2017, surpassing levels seen in the run-up to the financial crisis and prompting concerns about the systemic risk to MBS and ABS investors posed by consumer leverage.