Is Bank of Internet a Value Investment?

The number of delinquent loan balances at BOFI doubled between June 30, 2014, and September 30, 2014, which indicates that the bank’s loan book could quickly melt down.

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Rising Foreclosure Rate Points to Ongoing Financial Crisis

What is even more worrisome is that the number of bank repossessions, or REOS, increased by 49% between February and March 2015, RealtyTrac reported. The bank repossession rate hit a 17-month high and rose to a rate that was 25% higher than for March 2014. These statistics indicate that the foreclosure crisis has returned with a vengeance, folks.

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