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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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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