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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:06 EDTNAVI, SLMSallie 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.
News For SLM;NAVI From The Last 14 Days
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August 26, 2015
14:02 EDTNAVINavient confirms layoffs at Delaware headquarters, The News Journal says
Navient confirmed laying off some personnel at its Delaware headquarters, says The News Journal. According to The News Journal, a company spokesperson said, "Navient recently completed an organizational redesign initiative that will support our future business success. Locally, this means a small number of managers will be departing the company and we thank them for their service. At the same time we are continuing to hire in Delaware and across the company." Reference Link
August 25, 2015
10:10 EDTNAVIHigh option volume stocks
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August 24, 2015
16:50 EDTNAVINavient unit receives NORA letter from CFPB
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