Hints and tips:
...“We need to come up with financing that is afforded to all of the servicing community.”...
...Most lenders sell the loans they originate on to the government-backed agencies Freddie Mack and Fannie Mae, who insure them and sell them on to bondholders....
...Some secondary investors will be pleased to have the chance of buying shares in a fly ‘n’ flop holidays group still run by founder Simon Cooper....
...Navient, which was spun off from Sallie Mae last year, added to such concerns on Tuesday by confirming problems among a group of higher-risk borrowers who already had student loans but decided on further...
...Sallie Mae, the US student finance group, is to split in two, separating its declining business servicing government-backed loans from a faster-growing group that will make new private loans....
...Sallie Mae, with $189bn in assets, is the largest servicer of private student loans....
...SLM Corporation, better known as Sallie Mae, lost 3.6 per cent to $17.11 on disappointment at the failure of Mitt Romney to capture the White House and Republicans to recapture the Senate....
...But fear not would-be applicant, since Sallie Mae cut back on loans to high-risk borrowers the colleges themselves have stepped in to offer sub-prime loans....
...“I just can’t get back on my feet,” says Ms Cooper....
...Freddie Mac and Fannie Mae (on behalf of) suing in NYC and DC: Bassman v. Syron, et. al (FRE) Agnes v....
...Sallie Mae's primary business is servicing federally guaranteed student loans, but in recent years it has expanded its higher-margin business of offering students private loans....
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