SoFi Reports Defaults in Bond Portfolio

According to Bloomberg, defaults have triggered a breach in a 2015 SoFi bond deal; Bloomberg provides some details on the breach, reporting that the SoFi loans backing the bonds averaged more than $35,000, were unsecured and were from prime credit borrowers with annual salaries averaging around $130,000; the SoFi breach adds to worries about rising defaults overall which have been a factor for bond deals and troubled lenders in the marketplace lending industry.  Source

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