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Subprime Lending

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Clayton Takes Subprime Hit 

Aug 03, 2007By

Clayton Holdings, Inc., mostly known for its mortgage analytics and secondary market due diligence services, reported a second quarter loss of $400,000 this morning, compared to net earnings of $2.4 million in the year-ago period. Revenue for the quarter dipped 28 percent from the second quarter of 2006. The second quarter woes added to what has been a rough first half this year for Clayton’s various businesses, with first-half losses totalling $2.6 million.

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