Sallie Mae - Watch Your Back - the Lenders are Coming in for another Swing.
Fannie Mae, Sallie Mae.. this stuff sure seems like an illusion to me.
The Headlines Read, "Sallie Mae to add 2,000 jobs to US in 18 months". So I guess this means 2000 jobs will be created that will hire people to give out loans to keep you in debt.
The Article Read,
"RESTON, Va. – Sallie Mae said Monday that it will bring 2,000 jobs to the U.S. within the next 18 months as it shifts call center and other operations from overseas.
The move is welcome news to the country's jobless, whose numbers have climbed past 13 million.
"The current economic environment has caused our communities to struggle with job losses. They need jobs, and we will put 2,000 of them into U.S. facilities as soon as we possibly can," Chief Executive Albert L. Lord said in a statement.
Aside from call center positions, the nation's largest private student lender will be looking for individuals to fill information technology and operations support roles.
Sallie Mae runs facilities in 20 U.S. locations including Lynn Haven, Fla.; Fishers, Ind.; Wilkes-Barre, Pa.; Killeen, Texas and Newark, Del.
And if the turnout for jobs at its Delaware operations center is any indication, Sallie Mae should brace for a large number of applicants for the new crop of positions. A job fair hosted by the Reston, Va.-based company in December for the Delaware site saw more than 800 attendees and at least 2,300 more apply online. The lender said at the time that it planned to hire 1,100 workers for the facility by the end of 2011.
Sallie Mae, also known as SLM Corp., has more than 8,000 U.S. employees. It manages $180 billion in education loans and serves 10 million student and parent customers.
Shares of Sallie Mae rose 46 cents, or 8.6 percent, to $5.81 in premarket trading."
Creating this many jobs in the lending industry is not for the people, it is to keep you "under thumb", why not grants, FREE education, why enslave the parents - the students with this debt. And at the same time create the illusion of jobs. Sallie Mae is pretty much running on your money anyway. It is funny how you have to pay interest to borrow your own money.
Headline says 2000 jobs, but not until "by the end of 2011". How can this even be NEWS of any kind in the Spring of 2009. Who Cares.. what about Now. They talk about jobless rates as if they are coming into the rescue, Sallie Mae is no part of stopping this economic collapse.
I particular like this statement, "The current economic environment has caused our communities to struggle with job losses." It is is as if the Lenders, the Government, the Realtors and all who played a part in the Economic Collapse are innocent. They are regrouping to take another swing at you. Sallie Mae is a lender, you borrow against you house and anything that you can in order to get your kids through college, Sallie Mae Helps you... NOT.
The Economic Environment did not cause the job loss, the lenders, the secondary market, the mortgage brokers, the Realtors did. The huge issues of real estate double and tripling over the last decade, and lenders knowingly allowing loans for over the "real value" and the Realtors data led to Mortgage Brokers and Appraisers in on the ride, and then the loans were SOLD in the secondary market, and this was a very HUGE part of Wall Streets financial woes. The "value" was an illusion and the lenders let it happen again and again, "values" falsely rose and rose and Duh, Collapse.
Read Confessions of a Sub-Prime Lender or Diary of a Mortgage Broker and know that the Lenders knew they were allowing loans to go through at 10% and more above the value they knew a property to be. No one was looking over their shoulders, no one was and no one is policing them. In my neck of the woods Mortgage FRAUD is legal, I am a real estate Broker Owner, I have told the Montana Banking Division, the Dept. of Justice, the FBI and no one cares. So as the money starts to flow again and the loans come you way, just be wide awake because nothing has changed in the Real World of Real Estate and Lending.
r
And there is no change in sight for the way Realtors practice real estate. No one seems to even be talking about the Realtors role in the Financial Collapse. But where do you think the Lenders got their SOLD data that they based those loans on, it was from the REALTORS MLS and no one watches that data to make sure it is accurate. No one even tries, not even a little.
r
My Real Estate Industry Whistle blower Blog.
