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Stock Market & Financial Investment News

News For ESI;SLM From The Last 14 Days
Check below for free stories on ESI;SLM the last two weeks.
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August 8, 2014
10:36 EDTESIOptions with increasing implied volatility
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09:06 EDTSLMSallie Mae sells $820M of Smart Option Student Loans to Navient
Sallie Mae, formally known as SLM (SLM) announced the completion of the company’s first asset-backed securitization as a standalone consumer banking business and the definitive agreement for its first loan sale. The off-balance sheet securitization consisted of approximately $380M of Smart Option Student Loans. All securities, including the entire residual interest in the loans, were privately placed with a single, third-party investment manager. The company has also signed a definitive agreement to sell approximately $820M of Smart Option Student Loans to Navient (NAVI). The loan sale is expected to close in August.

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