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.