Archive for the ‘online lending’ tag
A growing market for peer-to-peer loans
Celent research shows online loan origination has increased over 4 major loan categories:
Retail mortgage
Home equity
Credit card
Auto
Additionally, the USA today reports:
The market for the loans is still relatively small but growing fast, according to Celent, a research firm. Celent projects that $5.8 billion in peer-to-peer loans will be made in the USA by 2010, an 800% leap from the amount this year.
