Bloomberg News

MountainView Acquires Clayton’s Unit That Values Mortgage Bonds

August 22, 2012

MountainView Capital Holdings LLC, the capital-markets firm specializing in mortgage assets such as servicing rights, has acquired a unit of Clayton Holdings LLC used by investors to value securities including home-loan bonds.

The deal closed on Aug. 15, Denver-based MountainView said today in an e-mailed statement, without disclosing the terms.

The unit, which also offers pricing for commercial-mortgage bonds, asset-backed securities, home loans and credit-default swaps, has been in business for eight years with more than 60 clients, Mark Garland, president of MountainView Analytics, said in the statement. The two firms formed a partnership in which each will sell the services of the other.

MountainView also said it hired Andrew Platt as head of business development. Platt previously served as a managing director and head of specialty finance in the financial institutions group at Cantor Fitzgerald LP, and has worked at UBS AG, Bank of America Corp. and Lehman Brothers Holdings Inc.

Clayton was the largest provider of due diligence on mortgages packaged into bonds during the U.S. housing boom. Along with home-loan reviews, the Shelton, Connecticut-based company offers other services tied to U.S. residential and commercial mortgages to investors, banks and regulators. It was bought in 2008 by a Greenfield Partners LLC fund for about $140 million.

To contact the reporters on this story: Jody Shenn in New York at jshenn@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net


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