Is RESPA reform back on the front burner?
Clayton Holdings emerges from the foldmortgagepress.commerger, information services, securities market Clayton Services Inc. and The Murrayhill Company have united under a newly formed company, Clayton Holdings Inc. Frank P. Filipps, chairman and CEO of Radian Group Inc., has been named chairman and CEO upon his retirement from Radian. Private equity firm TA Associates is the controlling shareholder of both Clayton Services Inc. and The Murrayhill Company and has invested $134 million of capital into Clayton Holdings. Clayton Holdings will provide a comprehensive spectrum of information-based services that support loan origination, securities issuance and securities performance management for the non-conforming mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities markets, which represent a combined principal value in excess of $1.6 trillion. Joining Filipps is Steve Lamando, founder and CEO of Clayton Services, who has been named president of Clayton Holdings and added to its board of directors. As president of Clayton Holdings, Lamando will oversee all businesses of the combined companies and will work with Filipps to grow the franchise. Sue Ellis, CEO and founder of Murrayhill, will move from her post as CEO of Murrayhill to join the Clayton Holdings board of directors, and Kevin Kanouff will continue as president of Murrayhill. Headquartered in Shelton, Conn., Clayton Holdings serves the non-conforming lending and securities market. For more information, call 888-455-0177 or visit www.clayton.com.