SoFi's Loan Losses Pile Up as Even Wealthy Borrowers Default - Bloomberg
Social Finance Inc.’s online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected,...
...The company started out refinancing student loans from graduates of top universities, and expanded into providing a broader range of services and products, from wealth management to insurance to mortgages, in some cases with partners....
...Non-bank startups arranged more than $36 billion of loans in 2015, mainly for consumers, up from $11 billion the year before...
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