Linkage: Goldman Sachs goes deeper into consumer finance
Here are a few SoFi stats from IMF link below.
A SoFi exec said the privately held fintech firm is originating $120-150 million a month in mortgages, and starting to retain some of the servicing rights on the loans.
Based on recently released 2016 Home Mortgage Disclosure Act figures, SoFi funded $631 million of residential jumbo loans last year, making it the 58th largest lender in the sector. According to the Inside Mortgage Finance MBS Database, SoFi sold $142 million of home loans to Fannie during the first half of the year.
To date, SoFi has completed just one jumbo MBS deal, a $169 million security issued in late 2016.
Stories I recommend today
- Renting vs. Buying: The Roommate Factor(mba.org)
- Blackstone-owned Stearns Lending has joint venture with SoFi(insidemortgagefinance.com)
- State of work in the U.S.: longer hours, worse benefits(wsj.com)
- Goldman goes deeper into consumer finance(wsj.com)
- Lack of temporary housing options makes post-fire recovery hard in California(therealdeal.com)
- GOP sharpens focus on credit bureau fixes(nationalmortgagenews.com)