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Analytics Provider Sees Jump in Earnings.(Clayton Holdings)(Statistical data)

Mortgage Servicing News

| April 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SHELTON, CT -- Clayton Holdings, a provider of analytics, consulting and outsourced services for capital market firms, lenders, loan servicers and investors, said net income totaled $7.9 million on record revenue of $239.2 million for the full year of 2006. The net income figure was an increase of 58% from the 2005 level. Net revenue was up 15.3%.

The company said its gross profit, at $84.3 million, was up 17% from one year earlier. However, diluted earnings per share came in at $0.41, unchanged from a year earlier.

Frank Filipps, chairman and CEO of Clayton, touted the company's fourth-quarter results, saying that Clayton ended its first year as a public company "on a strong note.

"For the quarter and the full year, Clayton registered significant growth in revenues and profits and improvements in margins. This was a year when total originations declined by 14% and MBS issuance declined by 4%," he noted in the company's earnings release.

He said the company migrated its due-diligence business to its centralized underwriting platform during the year.

"Our results also benefited from the excellent growth in our non-due-diligence businesses - surveillance, ...

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