Clayton Holdings to Acquire Green River Capital Businesses --Deal Expands Clayton's Offerings and Is Expected to Accelerate Green River's Growth--

SHELTON, Conn., Nov. 18, 2011 /PRNewswire/ -- Clayton Holdings LLC, a leading provider of due diligence, underwriting, surveillance and default servicing to the residential and commercial mortgage and fixed income industries, announced today it has agreed to acquire Green River Capital, LC, a leading provider of REO, short sale and broker price opinion (BPO) services based in West Valley, Utah.  The transaction is expected to close within 60 days.  No financial details were announced.

Green River currently has a number of large investor, financial institution and GSE clients.  The company has a staff of approximately 200.  Green River provides its BPO and REO services with the support of a nationwide network of more than 5,000 real estate brokers.

Green River will now become a wholly owned subsidiary of Clayton. The company will continue to operate as a standalone business, under its current brand, in its current location and will be led by its current management team. Christopher West, Green River's founder and chief executive officer, and Paul Bossidy, Clayton's chief executive officer, will become co-CEOs of Green River, and Joseph D'Urso will remain the company's president.

Commenting on the transaction, Bossidy said: "Green River is an excellent strategic fit for Clayton and our clients.  It will expand our loss mitigation offerings at a time when short sales and REO dispositions are both expected to remain strong. Green River's BPO offerings will help our clients, along with our Quantum special servicing unit, to make better loss mitigation decisions and will complement Clayton's diligence and whole loan acquisition services."

West said: "During the past year, our REO and short sale assignments have grown by more than 87 percent. By joining with an industry leader such as Clayton, we expect to continue this growth and create a more scalable company while increasing the strength of the Green River brand."

About Green River Capital

West Valley, Utah-based Green River Capital (GRC) is a leading REO asset management and loss mitigation provider. The company leverages its proprietary technology and a nationwide network of attorneys, brokers, appraisers, contractors and title professionals to offer scalable and customized solutions. GRC provides REO asset management, portfolio valuation/due diligence, a short sale program and rental program management. GRC's sister companies are GR Financial, a short sale program provider, and Infinity Valuation Services, a BPO company.

About Clayton Holdings LLC

Clayton Holdings LLC, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.  Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance, independent pricing, and staffing solutions. The company provides customized residential and commercial special servicing solutions through its Quantum Servicing subsidiary. Additional information is available at www.clayton.com.

SOURCE Clayton Holdings LLC



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