SLM Corporation (NYSE:SLM): Closing price $19.65
SLM Corp. or Sallie Mae, which is the biggest domestic student lender, sold $1.1 billion worth of securities backed by private student loans last week, according to The Wall Street Journal. These items are very popular right now with investors as demand for the riskiest lot, the ones that will lose money first if the loans go toxic, was 15 times greater than the supply, according to sources.
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