Bidding for peer-to-peer loans has hit its most competitive stage as fast-money investors, retail investors and now small banks scour online marketplaces for the strongest and highest-yielding credits.
Real estate lender RealtyMogul, which offers mortgages online through crowd-funded capital, is selling whole loans to banks at 3%-4%, a fraction of the 12% rate range investors expect and demand, according to Chief Executive Jilliene Helman.
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