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Internet Mortgage Provider Reaps Rewards of Lending Boldly Bank of Internet, which has extended big loans to high-earning people other lenders might shun, has been turning heads, and setting off alarm bells.You have substantial assets, but your income is erratic and your finances are what in polite company would.
Houston Municipal Employees Pension System, et al v. BofI Holding, Inc., et al, No. 3:2015cv02324 – Document 134 (S.D. Cal. 2017) case opinion from the Southern District of California US Federal District Court
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22, 2015 about BofI entitled "An Internet Mortgage Provider Reaps the Rewards of Lending Boldly. " The article raised a number of issues about BofI, including
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An Internet Mortgage Provider Reaps the Rewards of Lending Boldly By PETER EAVIS Bank of Internet USA, which has extended big loans to high-earning people other lenders might shun, has been making profits, and setting off alarm bells.
"Whether it’s expanding into unknown markets, refocusing customer bases, or jettisoning non-core businesses, successful enterprises should not be afraid to forego the familiar and embrace the risks.
The bank was the subject of an August 22, 2015 New York Times article entitled "An Internet Mortgage Provider Reaps the Rewards of Lending Boldly" . The times article reports that the bank has enjoyed great business success and rapid growth in recent years by "issuing big mortgages to high earners whom other lenders might not necessarily welcome with open arms."