The Murrayhill Company and Clayton Services, another TA portfolio company, combined in March 2005 to form Clayton Holdings, Inc. (NASDAQ: CLAY).

The Murrayhill Company created credit risk management to improve the performance of fixed-income securities. Murrayhill's services provided clients, security issuers and investors with a competitive advantage through servicer oversight and transparent reporting on MBS and ABS securities. Using a patent-pending risk-filtering process, Murrayhill analyzed raw data collected from loan servicers and trustees and identified situations that presented risk to the investor.