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The lawsuit argues that the moratorium, which has led to millions of dollars in lost profits for the company’s core refinancing business, has no legal basis.
As of September 2013, SoFi had funded $200 million in loans to 2500 borrowers at the company's 100 eligible schools. [28] In November 2013, SoFi announced a deal with Barclays and Morgan Stanley to create a bond backed by peer-to-peer student loans, which would create the first securitization of these loans to receive a credit rating. [29]
SoFi does student, home, and personal loans, but wants to become more asset-light and sell these loans to third parties. A $2 billion deal with an investment group goes a long way in making this ...
The student loan moratorium has weighed on SoFi stock for nearly two years. Investors are betting that headwind may soon be out of the way thanks to the new debt ceiling deal. Debt deal would lift ...
President Joe Biden extended the suspension of federal student loan payments on April 6 for the sixth time in two years. If you own shares of SoFi Technologies (NASDAQ:SOFI), you probably were ...
SoFi reported a student loan-driven windfall in its third quarter results while also raising its full-year guidance on revenue and predicting a quarterly profit before the end of the year. Its ...
SoFi started strictly as a student loan refinance company but received approval from federal regulators in early 2022 to become a national bank. The online bank offers loans as low as $5,000 with ...
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