FYI - From SA this AM (11/4). Title: Buyer Beware: BOFI Related Party Loans.
http://seekingalpha.com/article/3641526-buyer-beware-bofi-re…
Briefly, Jumbo loans (some over $1M) to bank officers and BOD members at apx rate of 1% and LTV ratios in the 80% range. The difference between market rate and related party rate is supposed to be accounted for as compensation, however none of the borrowers have these loans entered as additional compensation.
The author is reluctant to actually assert a regulatory violation. He does however encourage investors to perform their own due diligence.