Clayton Holdings and Experian to Develop Products, Services for Servicers and Capital Market

- First Offerings Will Focus on Turnkey Loan Modifications -

LAS VEGAS, Feb. 5 - Clayton Holdings (NASDAQ: CLAY), a leading provider of due diligence, surveillance and special servicing for Wall Street, banks and investors, has entered an agreement with Experian®, a global information services company, to provide analytics and outsourcing services to the mortgage and securitization industries to improve transparency, predictability and loss mitigation. The cooperation will leverage Experian's data assets and predictive analytics, currently relied upon in the primary markets, to assess and mitigate risk in the secondary market. The new alliance was announced today at the American Securitization Forum's (ASF) annual meeting in Las Vegas.

The first anticipated offering will enable loan servicers to more efficiently manage the growing challenge of loan modifications. The offering is designed to help servicers determine borrower eligibility for the rate freeze modifications recommended under the plan proposed by Secretary of Treasury Paulson and the ASF.

"The Paulson/ASF program sets a high hurdle for large subprime servicers. In 2008, servicers will have to quickly assess credit scores, payment histories, income and loan-to-value for millions of subprime borrowers and sort them into three groups: rate freeze, refinance and loss mitigation," said Clayton Chairman and CEO Frank Filipps. "Our new alliance integrates the data intelligence and analytic capabilities of Experian with the loss mitigation skills and outsourcing resources developed in Clayton's Surveillance, Special Servicing and Consulting businesses."

The new offering will identify rate-freeze candidates, and, if requested, provide turnkey fulfillment services to contact the borrowers and secure their agreement with the loan modifications. The servicers can also outsource the counseling and processing of refinance opportunities for borrowers eligible for FHA and other refinance programs. Clayton's Special Servicing loss mitigation and asset management unit has personnel who can manage collateral and non-collateral based loss mitigation programs, including payment plans, forbearance, short sales and foreclosure options.

Experian is a world leader in providing innovative information services to its clients utilizing the industry's broadest range of high quality data combined with its predictive analytics capabilities. Experian's strengths in combining data intelligence, analytics, software and consulting to manage the risk and reward of commercial and financial decisions enable its clients to increase profitability and improve performance. The company's unique information tools and understanding of individuals, markets and economies will complement Clayton's suite of services to provide needed products and services to the securitization market.

About Clayton Holdings, Inc.

Clayton Holdings, Inc., headquartered in Shelton, Connecticut, is an information and analytics company serving leading capital markets firms, lending institutions, fixed income investors and loan servicers with a full suite of information-based analytics, specialty consulting and outsourced services. Clayton's services include due diligence analytics, conduit support services, professional staffing, compliance products and services, credit risk management and surveillance and specialized loan servicing services. Additional information is available at

About Experian

Experian® is a global leader in providing information, analytical and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions.

Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage.

For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence.

Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.

Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, Calif., and Nottingham, UK. Experian employs approximately 15,500 people in 36 countries worldwide, supporting clients in more than 65 countries. Annual sales are in excess of $3.8 billion.

For more information, visit the Group's Web site on

Source: Clayton Holdings

CONTACT: William F. Campbell of Campbell Lewis Communications,
+1-212-995-8057, +1-917-328-6539 - mobile,, for
+Clayton Holdings, Inc.; or Cynthia Baker, Experian Public Relations, +1-714-830-7907,

Web site:

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