Quantum Servicing Corp., the special servicing unit of Clayton Holdings Inc., Shelton, Conn., has been added to the Standard & Poor's Select Servicer List.S&P admits servicers to the list based on a "comprehensive assessment" of their operational capabilities for servicing residential mortgage, commercial mortgage, or asset-backed portfolios. "We see significant demand for independent servicing platforms that can help investors and asset managers maximize value and returns at this stage of the credit cycle," said Keith Johnson, president and chief operating officer of Clayton. "Inclusion on S&P's Select Servicer List is a significant step towards expanding our special servicing business to mortgage-backed security transactions and to diversifying our revenue sources." The companies can be found online at http://www.clayton.com and http://www.standardandpoors.com/ratings.
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Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
3h ago -
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Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
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Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus
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Chad Smith departs the lender in a transition phase, after helping Better to generate 2.5 times growth in total revenue and funded loan volume since 2024.
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The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
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