The Dark Side of BOFI Archives

Is Bank of Internet a Value Investment?

May 1, 2015March 28, 2016 daniel AAPL, ABX, American Express, Apple Pay, BAC, Bank of America, Bank of Internet, Benjamin Graham, Berkshire Hathaway, BOFI, BofI Holding, Disruptive Technology, EVER, EverBank, EverBank Financial, Foreclosure, mortgages, Mr. Money Mustache, NetBank, PayPal, The Dark Side of BOFI, Value Investing, Warren Buffett

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.