Heller Ehrman's structural finance team focuses primarily on transactions in residential and commercial mortgage loans, ranging from warehouse financing lines to whole loan purchases, sales and reconstitutions, purchase and sale of servicing rights, and securitizations. This group includes two tax lawyers experienced in a variety of domestic and offshore mortgage-backed securitization structures, as well as an attorney who served as a principal drafter of revised Article 9, and as a member of the American Bar Association Legal Opinion Committee SFAS 140 Task Force that developed a model receivership opinion for bank securitizations.
We have substantial experience in federal and state securities laws, bankruptcy law, United States federal and state and foreign tax issues, derivative transactions, regulation of financial institutions and commercial finance. In addition, members of our group have solid working relationships with the leading investment banks in this area and with accounting firms, rating agencies, Fannie Mae and Freddie Mac, and a variety of monoline insurers, all of whom have been partners with our clients in pioneering new structures in the mortgage loan securitization market.
Facts About Our Practice
Our Capabilities
Securitizations/NIMS
Heller Ehrman is regularly involved in securitizations of a variety of mortgage products (multifamily, subprime, prime, Alt-A, second lien and home equity loans), primarily as issuer's and sponsor's counsel. We have extensive experience in the securitization of subprime mortgages and have been involved in a number of innovative or first-of-a-kind transactions, including:
Whole Loan Purchases and Sales
We regularly handle purchase, sale and reconstitution transactions for all types of residential and commercial mortgage loans, including prime loans, FHA/VA loans, subprime loans, nonperforming loans, delinquent loans purchased out of Ginnie Mae securities (early buyout or EBO loans), federally insured loans, multifamily loans and commercial and industrial loans. We have structured programs for flow sales of many of these classes of loans, including EBO loan sale programs, programs directed at purchasers who wish to obtain Community Reinvestment Act credits for portfolio purchases and programs for agency MBS-backed by qualifying loans.
Related Mortgage Transactions and Experience
Michael J. Gamsky
michael.gamsky@hellerehrman.com
+1 (206) 389-4245
Lynn J. Loacker
lynn.loacker
@hellerehrman.com
+1 (212) 847-8647