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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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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