Hints and tips:
...The US Consumer Financial Protection Bureau in 2017 sued Navient, which was previously part of Sallie Mae, the country’s student finance group, for “illegally cheat[ing] borrowers out of repayment rights...
...“Education finance firms such as Navient, Sallie Mae and Discover Financial will almost certainly face heightened supervisory scrutiny and greater enforcement risk,” said Isaac Boltansky of Compass Point...
...to the monetary printing press. -- Sallie Mae’s controversial jaunt during a student borrowing crisis. -- A 170-year-old matchmaking event survives in a village in the west of Ireland. -- Introducing...
...In some cases, government-backed loans are also benefiting big investors rather than the homeowners for whom they were originally intended....
...The main lender here, Sallie Mae, has nevertheless taken advantage of the Trump era to prosper....
...After a tour Sonzinha, the librarian, shows me the loan book. It is curiously empty....
...The banks just behind are a less blue-blooded bunch: CIT, Synchrony, and SmartyPig, a venture of student lender Sallie Mae. Each is trying to reduce funding costs with consumer deposits....
...paying to the US government, and the 4 or 5 per cent yields on private securitisations sold by Sallie Mae, the student-loans company....
...That can be a result of the skewed incentives of the mortgage broker, who stands to make a bigger fee when he sells the loan to Ginnie Mae, the government agency that packages them into securities....
...In a series of leveraged buyouts — Sallie Mae, United Rentals, HD Supply — private equity firms and banks walked away or renegotiated terms between signing and closing the deal....
...The Wilmington, Delaware-based company, which was split off from Sallie Mae last year, said that loans among a segment of higher-risk private education borrowers, who returned to school during the recession...
...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...
...The largest student lender SLM Corp, the former government entity better known as Sallie Mae, was privatised in 2004....
...First, they looked at hundreds of thousands of borrowers with 5/1 and 7/1 mortgages originated between January 2003 and July 2007 that were guaranteed by Fannie Mae....
...The student was able to access Chinese state funding as well as a loan from Sallie Mae....
...“By separating our current operations into two businesses, we will facilitate focus on Sallie Mae’s growing consumer banking business and management of its education loan portfolios,” he said....
...SLM, known as Sallie Mae, has sold more than $1bn of bonds backed by bundles of privately issued student loans....
...“Private education loans are underwritten to a family’s willingness and ability to repay, and as a result delinquencies have been declining even while more loans have entered repayment,” a Sallie Mae spokeswoman...
...In February, Sallie Mae, the largest US private student lender and biggest issuer of student debt-backed ABS, sold $1.1bn of securities backed by student loans....
...Companies that could be affected include Sallie Mae, the largest US student lender with $181bn in assets....
...While Sallie Mae, Wells Fargo and Discover have made a cautious return to lending to US citizens, there are few options for non-Americans who do not have relatives or friends in the US who are willing to...
...Before the crisis financing was eased by mortgage-backed securities, the complex loan pools that nearly washed away the financial system....
...The student debt figures are going up for a number of reasons: people are staying in education longer, more are going to college, loans are being deferred and repayment delayed as employment prospects dwindle...
...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....
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