Hunton Andrews Kurth LLP
January 9, 2014 - Virginia
Structured Finance and Securitization Year in Review 2013
This past year has seen a renewal of structured finance and securitization activity, and 2014 holds the promise of continued expansion due to stabilizing mortgage finance and servicing markets, greater regulatory certainty, and recovering credit markets. Thanks to the confidence that our clients place in us, the Hunton & Williams LLP Structured Finance and Securitization practice group remains at the forefront of this practice area, as reflected in the following highlights of our work in 2013 and summary of expected material developments in 2014.
HIGHLIGHTS
More than 40 RMBS securitization transactions involving nonperforming, reperforming and newly-originated mortgage loans with an aggregate securities balance of more than $11 billion
• Master trust and other servicing advance facilities for some of the country’s leading mortgage servicers• Acquisition and financing of mortgage servicing rights relating to agency and private label securitized loans with an aggregate unpaid principal balance of more than $100 billion
• Purchases and sales of more than $3 billion of performing and nonperforming mortgage loans
• More than $7 billion of warehouse financing facilities for residential mortgage loans, RMBS and CMBS
• Legal adviser to Ginnie Mae in its Multiclass Securities Program involving the issuance of more than $57 billion of securities in 118 transactions
• Derivatives, corporate governance and regulatory compliance advice to more than 50 financial institutions, investment funds, and public and private industrial companies
Read full article at: http://www.hunton.com/files/Publication/5a075b3d-2442-4f51-b319-cce3113081f9/Presentation/PublicationAttachment/27f42c4b-9c35-4729-9c4b-cdd1bf25c14a/Structured_Finance_YIR_2013.pdf