Legal consultant to MFA Financial, Inc. to establish legal construct for acquisition of closed residential mortgage loans.Legal consultant to Federal Home Loan Bank of Chicago in connection with rewriting loan origination and loan servicing guides, drafting and negotiating sales of servicing, drafting and negotiating sale and servicing agreements, exploring new channels for member banks' loan production.Legal consultant to JPMorgan Chase in connection with the Independent… Show more Legal consultant to MFA Financial, Inc. to establish legal construct for acquisition of closed residential mortgage loans.Legal consultant to Federal Home Loan Bank of Chicago in connection with rewriting loan origination and loan servicing guides, drafting and negotiating sales of servicing, drafting and negotiating sale and servicing agreements, exploring new channels for member banks' loan production.Legal consultant to JPMorgan Chase in connection with the Independent Foreclosure Review pursuant to OCC and Federal Reserve consent decree, researching and resolving borrower issues, reviewing scores of pooling and servicing agreements, monitoring Qualified Written Request issues and responses, reviewing and drafting work flow procedures, working closely with management in connection with risk analysis and procedure improvements in the mortgage servicing space.Legal consultant on various Fannie Mae projects including drafting sale and servicing agreements, trust agreements and disclosure documents as well as advising concerning loan repurchase issues related to seller warranty breaches. Show less

Managed mortgage loan and other asset-backed securitizations for major Wall Street underwriters, Fannie Mae's REMIC certificate program, automotive floor plan financing receivables for Ford Motor Credit; drafted interest rate swaps and other derivatives, whole loan purchase agreements, sales of servicing rights, warehouse loan financings; prepared shelf registrations for major Wall Street underwriters.Select practice highlights:Developed program to securitize "excess servicing… Show more Managed mortgage loan and other asset-backed securitizations for major Wall Street underwriters, Fannie Mae's REMIC certificate program, automotive floor plan financing receivables for Ford Motor Credit; drafted interest rate swaps and other derivatives, whole loan purchase agreements, sales of servicing rights, warehouse loan financings; prepared shelf registrations for major Wall Street underwriters.Select practice highlights:Developed program to securitize "excess servicing rights" through Fannie Mae's SMBS program.Drafted scores of REMIC securitization documents for Fannie Mae. Redrafted all Fannie Mae's trust agreements for its MBS, SMBS and REMIC programs.Because of deep loan origination knowledge, acted as "go to" person for Fannie Mae's capital markets group on numerous lending issues.Spearheaded the translation of major clients' registration statements into "plain English" under SEC mandate. Show less

Supervised creation and licensing of nationwide network of lending offices; developed loan securitization program; managed numerous shelf take-downs.

Pioneered creation of single-family mortgage loan securitization program in 1986; drafted shelf registration statement and managed over 20 take-downs; drafted real estate development loan transactions; negotiated multifamily mortgage loan swaps with Fannie Mae; managed medium-term note financings; assisted in acquisition by William H. Simon and federally-assisted merger with a troubled thrift.As Board secretary (1989-1991), coordinated investigation by Audit Committee of the Chairman… Show more Pioneered creation of single-family mortgage loan securitization program in 1986; drafted shelf registration statement and managed over 20 take-downs; drafted real estate development loan transactions; negotiated multifamily mortgage loan swaps with Fannie Mae; managed medium-term note financings; assisted in acquisition by William H. Simon and federally-assisted merger with a troubled thrift.As Board secretary (1989-1991), coordinated investigation by Audit Committee of the Chairman and CEO and the President; worked with new management to restructure troubled assets.After the federal government voided its capital maintenance agreement and Western Federal was put into receivership, was asked to stay on to work with the RTC to assist with asset dispositions. Show less

Real estate development law; commercial lending transactions.

Purchased, gutted and supervised renovation of 12-unit building in Brooklyn Heights, converting it to 5 units; drafted co-op conversion plan and sold all units.

Corporate securities law.Seconded in 1980-1981 to Saudi Arabia's Royal Commission for the Industrial Develpment of Jubail and Yanbu to represent the Commission vis-a-vis construction management contractors, Bechtel and Ralph Parsons, in the infrastructure development of two new cities.