   
|
|
Nellie Mae
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
Nellie Mae is a wholly owned subsidiary of SLM corporation, aka Sallie Mae. Prior to 1999, Nellie Mae was an independent entity. Nellie Mae started as a non-profit agency in 1982. Nellie Mae makes education loans to graduate students, undergraduate students, and parents of students. Nellie Mae makes loans under both Federal and private loan programs. Examples of Federal student loans originated by Nellie Mae include Federal PLUS loans, EXCEL loans, and Federal Stafford loans. For the investor, Nellie Mae is perhaps less interesting than its parent company Sallie Mae. Much like Fannie Mae and Freddie Mac do in the mortgage business, Sallie Mae securitizes and sells to investors portfolios of student loans originated by Salle Mae and Nellie Mae.
Rate this Nellie Mae definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put
|
|
| |