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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:06 EDTSLM, NAVISallie 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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October 23, 2014
12:13 EDTSLMSallie Mae management to meet with Compass Point
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October 22, 2014
16:33 EDTSLMSallie Mae sees FY14 core EPS 42c-43c, consensus 45c
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16:32 EDTSLMSallie Mae reports Q3 core EPS 17c, consensus 17c
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15:30 EDTSLMNotable companies reporting after market close
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