SoFi’s loan losses pile up as even wealthy borrowers default

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SoFi’s Loan Losses Pile Up as Even Wealthy Borrowers Default.. Losses on the company’s personal loans were high enough to breach key levels known as "triggers" last month on a bond deal issued in 2015 and backed by the the loans, according to analysts at Morgan Stanley..

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Contents Federal home loan banks fhfa home loan banks fhfa Harvey. northwest houston Year. software revenue Earnings. revenue growth The company’s GAAP operating expenses, up by 78% year on year, were still rising more rapidly than revenue and contributed to a GAAP operating loss of 7%. revenue growth reported this past quarter..

SoFi’s Loan Losses Pile Up As Even Wealthy Borrowers Default. 4/5/2017. Losses on the company’s personal loans were high enough to breach key levels known as "triggers" last month on a bond deal issued in 2015 and backed by the loans, according to analysts at Morgan Stanley..

Any display of APR, loan amounts, fees, interest or other details are only estimations. In reality, these amounts will vary by product, by lender and by borrower. Credit decisions are based on many factors, including but not limited to credit history, employment history, and loan repayment history.

For SoFi, the loans backing these bonds averaged more than $35,000, according to Kroll Bond Rating Agency, mature in as long as seven years, and don’t have any collateral, meaning defaults can result in relatively high losses for lenders. The borrowers had annual salaries averaging around $130,000, and most were prime credits.