We'll start this week with student loan news and go from there...
Meanwhile, Sallie Mae continues to grow their private loan originations which they reported as of the end of the 3rd quarter were up 21% year-to-date and 29% in the 3Q (a seasonally strong quarter) as compared to last year. Other highlights from the call:
- Growth is being driven by market share gains vs. overall market growth: "appears more like market share gains than market size gains."
- Borrowers have strong credit profiles: "FICO scores in excess of -- an average in excess of 750 (752) and with more than 90% cosigners (94%)."