Frank L. Raiter has been named to the board of directors of Clayton Holdings Inc., a Shelton, Conn.-based provider of integrated analytic and consulting services to the mortgage industry.Mr. Raiter was managing director of the Residential Mortgage Ratings Group at Standard & Poor's before retiring earlier this year. He was previously chief investment officer of Caliber Bank and chief financial officer of Jefferson Savings and Loan, Clayton Holdings said. Mr. Raiter was also the assistant director of the Office of Securities Transactions for the Resolution Trust Corp. Clayton Holdings can be found online at http://www.clayton.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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