Items Tagged with 'Clayton'


  • Former Clayton Holdings execs band together to found new due diligence firm

    New Diligence Advisors backed by Ranieri and Oaktree’s Selene Holdings
    Last year, private mortgage insurer Radian Group announced that it was going restructure its services business, which is conducted through its principal subsidiary Clayton Holdings, due to “recent underperformance below expectations.” Now, three former Clayton executives are partnering up to launch a new due diligence firm that will directly compete with Clayton for business.
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  • Former Clayton President Jeff Tennyson lands at Lima One Capital

    Tennyson will serve as CEO of investor-focused lender
    Former Clayton President Jeff Tennyson has found a new home. Last year, Tennyson’s role was eliminated as part of Radian Group’s restructuring of its principal subsidiary Clayton. Now, just a few months after leaving Clayton, Tennyson is moving on to a senior leadership role at Lima One Capital.
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  • Radian continues restructuring; sells European mortgage services business

    Offloads Clayton EuroRisk to unnamed buyer
    Over the last several months, private mortgage insurer Radian Group has undertaken a restructuring effort in its services business, which is conducted through its principal subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. On Wednesday, the company announced the latest move in its restructuring efforts.
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  • Radian restructures services business; Jeff Tennyson out as president of Clayton

    Cites “recent underperformance” of mortgage and real estate services segment
    Earlier this year, Radian Group said that it planned to restructure its services business, which is conducted through its subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. At the time, the company did not provide any details, but Radian revealed Wednesday just how significant those structural changes are going to be, including the elimination of the position of president of its services business – meaning that Jeff Tennyson is out as president of Clayton.
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  • Data plays a bigger role in the shrinking distressed market

    Investors can accurately assess risk and price accordingly
    [Commentary] Both GSEs still have plenty of legacy NPL and RPL on their books, as do large banks, particularly those with footprints in judicial states. That results in relatively large deals hitting the market: often portfolios of tens of thousands of loans, with unpaid balances of $1 billion to $3 billion. Smaller trades have also remained steady as reperformers get sold and regional banks and other investors manage their balance sheets. And there is still plenty of demand.
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  • Clayton Homes unveils new tiny home series

    Only a matter of time
    Clayton Tiny Homes is the homebuilder’s latest venture to capitalize on the growing minimalist trend. The company introduced its new tiny homes to its shareholders over the weekend, and even brought on a new company manager to oversee the division.
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  • With eye on Fintech, Clayton Holdings opens Silicon Valley office

    Hoping to assist tech firms with mortgage industry issues
    Aiming to help the growing population of financial technology companies in and around the San Francisco Bay area, particularly those involved in the mortgage and consumer lending markets, Clayton Holdings announced the opening of a consulting office in Silicon Valley.
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  • Clayton Homes buys Georgia homebuilder for $50 million

    Chafin Communities becomes part of Berkshire Hathaway empire
    Clayton Homes, a manufactured home builder that is part of Warren Buffet’s Berkshire Hathaway, is buying Chafin Communities, a Georgia-based residential homebuilder, for $50 million. According to the Atlanta Business Chronicle, which first reported the acquisition earlier Monday, Clayton will receive nearly 1,100 lots as part of the deal.
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  • Radian earns $70 million in third quarter

    Mortgage insurance business steady
    Mortgage insurance at the company remains steady. New mortgage insurance written was $11.2 billion for the quarter, compared to $11.8 billion in the second quarter of 2015 and $11.2 billion in the prior-year quarter.
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