Radian takes $131M charge ahead of Clayton Holdings restructuring

Menu options for Clayton Holdings, Inc.. Clayton Holdings LLC for $305 million, Radian announced Tuesday in a note accompanying. of interest to stay ahead of the curve and receive Law360’s.

Clayton Holdings provides technology-based services to help mortgage industry players such as originators, lenders, investors, regulators, and others manage their operations and risk. It offers operations support, loan and portfolio analysis, and consulting for lenders and capital markets firms.

Jordan Bettman Partner. Jordan is a Partner and Co-founder of Radian Capital. Prior to Radian, he focused on financial services.

Clayton Holdings was acquired by Radian Group on July 1, 2014. When analyzing the financial services sector as a whole, according to Mergr , in the last 3 years, there are 454 financial services companies that have made at least 1 acquisition, 20 have acquired at least 5 companies, and 3 have acquired more than 10 companies.

History of Clayton Since its founding in 1989 when Clayton pioneered the residential loan due diligence industry, we have performed diligence on over 12 million loans and continue to be a leader in transaction management services, risk-centric information and analytics for the MBS, ABS and CMBS markets.

Companies then may deliberately report a large restructuring expense to manipulate current earnings. The practice of taking a very large restructuring charge is known as taking a "big bath." The idea is to take a big hit to earnings in the current period in order to make future period earnings appear more profitable.

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Rick just one follow-up question on the Clayton restructuring. The 25 million or less expenses that are expected is that going to flow through the Clayton business or would that be called out as a.

PHILADELPHIA, Nov 22, 2017 (BUSINESS WIRE) — Radian Group Inc. RDN, -0.09% today announced that it has completed the sale of Clayton EuroRisk, a provider of outsourced mortgage services in Europe.

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Get to know Clayton Holdings LLC CEO & other corporate executives. Learn about the Board of Directors, Executive Committees and CEO compensation in this industry.

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(NYSE: RDN) announced today it has completed the acquisition of Clayton Holdings LLC. As previously disclosed, Radian Group paid aggregate cash consideration of $305 million, subject to customary purchase price adjustments, to purchase all of the outstanding equity interests in Clayton and to repay Clayton’s outstanding debt.