Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
Navient/Sallie Mae treated student loan borrowers unfairly from start to finish.
An improving credit landscape means fewer loans are delinquent - and fewer people are needed to service these loans.
Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors.
Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.
When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
Investment in Shriram will actually enable us to enter some of the retail segments such as vehicle financing, consumer and gold loans, and other products such as insurance, mutual funds, among others, where we wanted to have a footprint.
It is the quality of lending over the quantity of lending.
If you are in banking and lending, surprise outcomes are likely to be negative for you.
My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out.
Profiting from student loans is usury, and we just can't continue to allow it.
Every loan that we did in the City of Detroit in the 10 years they studied - between 2005 and 2014 - were conventional FHA, VA loans with average interest rates of 6%.
