D. Keith Johnson, formerly president and chief executive officer of Long Beach Mortgage, has been named president and chief operating officer of Clayton Holdings Inc., a Shelton, Conn.-based information and analytics company serving lenders, servicers, and the debt markets.Mr. Johnson was president and CEO of Long Beach, a subprime lending subsidiary of Washington Mutual Inc., from 2003 until March of this year, Clayton said. He was previously executive vice president and COO of WaMu's commercial group and chief financial officer of Bank United's mortgage division. Clayton CEO Frank Filipps said Mr. Johnson brings "a deep understanding of the dynamics of both origination and securitization, and the skills and track record to improve the efficiency of our clients' operations and our own." The company can be found online at http://www.clayton.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
8h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
9h ago -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
10h ago -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
11h ago -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
April 21 -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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