Sallie Mae named Michael Fancher and Michael Taylor regional account executives for Eastern Pennsylvania. Fancher served as assistant vice president for education lending at PNC Bank Education Lending. Taylor comes to Sallie Mae from Drexel University, where he most recently served as interim director of financial aid for the College of Medicine.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Total initial credit enhancement increased to 11.40% for the class D notes, from 11.25%. It also decreased for classes B, C and E, and levels on the class A notes stayed the same.
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
The highly diversified pool mix consists of 29 different aviation asset types, with a third being new and emerging technology aircraft, and 45.7% are current technology aircraft.
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
The deal will not make any principal payments during the revolving period unless it needs the cashflow to maintain the required overcollateralization amount.
