Sallie Mae reports origination spike

Sallie Mae reported a spike in origination volumes via all of its lending channels. The firm also announced an increase in fee income. Sallie Mae’s preferred channel originations totaled $2.3 billion in 2Q04, a 24% increase versus the same quarter in 2003. Additionally, Sallie Mae owned brands increased 32%. Fee income, driven by Sallie’s debt management operations, jumped 21%.