Clayton to update system to accommodate ASF's code

12/3/2009 | Housing Wire

Clayton Holdings CEO Paul Bossidy said the company's decision to support the Loan Identification Number Code of the American Securitization Forum, an affiliate of SIFMA, is part of an effort to promote transparency and revive the securitization market. "It will give investors an important new tool to track and analyze underlying collateral, much the way [the Committee on Uniform Securities Identification Procedures] numbers are used with bonds," Bossidy said.

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