Honestly, I don't know very many books that are considered literary fiction, of today. Like, modern literature. I mean, LOOK what the dictionary has to say about literature. Permanent or universal interest. Like Pride and Prejudice. Or A Room With A View. Literature is defined as works that will last through the ages. Can we say that most of the MG, YA, NA, and adult books that we read will be considered literature, and be interesting for people 100 years from now? Or 100 years before us?
I personally LOVE A Room With A View by E.M. Forster. It's my favorite classic. I definitely consider it a work of literature.
Basically, I think literature should be able to be considered classics, for decades, and hundreds of years. So, today's novels? Probably can't be considered literature, in my opinion. Yet, or at all - we will see in the future!