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An Internet Mortgage Provider Reaps the Rewards of Lending Boldly

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Major banks like Wells Fargo and JPMorgan Chase are not eager to give you the $3 million mortgage you need, nor are any traditional banks that specialize in making big-dollar home loans to higher-income clients.

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at online lender Bank of Internet, The Post has learned. The Justice Department, which is leading the investigation, has interviewed at least one former employee of the San Diego-based bank, sources said. Bank of Internet Chief Executive Gregory Garrabrants, head of the bank since 2007, is also a focus of the probe, sources said.

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An Internet Mortgage Provider Reaps the Rewards of Lending. Nytimes.com An Internet Mortgage Provider Reaps the Rewards of Lending Boldly Image Gregory Garrabrants has been the chief executive of BofI Holding, Bank of Internet’s parent company, since 2007.

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