TITLE

Sallie Mae buyout plan raises questions about destiny of servicing

AUTHOR(S)
D. M.
PUB. DATE
April 2007
SOURCE
Asset Securitization Report;4/23/2007, Vol. 7 Issue 16, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the implications of the buyout of Sallie Mae Corp. to its securitization activity. Sallie Mae was acquired by Bank of America, JPMorgan Chase and two private equity firms for $25 million. Asset-backed securitization professionals concluded that the business activity of the company will increase, while spreads will no longer face the danger of widening. Industry professionals were not certain on how will the acquirers manage the debt management operations of Sallie.
ACCESSION #
24852383

 

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