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Due Diligence

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Clayton Strikes Deal with NY AG, Will Aid Securitization Investigation 

Jan 28, 2008By

Clayton Holdings, the mortgage banking industry’s largest due diligence provider, struck an agreement to help an investigation by New York Attorney General Andrew Cuomo’s office into MBS underwriting and disclosure practices, the New York Times reported Sunday. The deal provides Clayton with immunity from civil and criminal prosecution in exchange for its cooperation with the ongoing inquiry.

3d rendering of a row of luxury townhouses along a street

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