合伙人

Eric J. Edwardson

金融服务, 消费金融服务

华盛顿 +1 202 263 3370

eedwardson@mayerbrown.com

概览

Eric Edwardson provides a broad range of transactional and business counsel to clients in the residential mortgage banking and other consumer finance industries, with particular expertise in transactions for the origination, purchase, sale, servicing and financing of residential mortgage assets, including whole loans, servicing rights, and servicing advances; Eric's representation of clients in these industries is informed by his extensive knowledge and experience regarding the market, typical business and operational practices of participants, and the state and federal regulatory environment, including the requirements of Fannie Mae, Freddie Mac, and Ginnie Mae; Eric also regularly acts as special counsel to clients on such matters as related to broader M&A transactions.

执业经验

Represented:

A leading nonbank purchaser of Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights in an ongoing coordinated program of purchase transactions (including bulk and flow) from hundreds of sellers, with total purchases related to mortgage loans with aggregate balances in excess of $1 trillion.
A leading nonbank mortgage lender in ongoing strategic purchases and sales of Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights with multiple counterparties, related to mortgage loans with aggregate balances in excess of $100 billion.
A non-bank lender and servicer in fintech-driven structures for outsourced origination and servicing of HELOCs for existing customers.

A national bank in sales of a varied portfolio of residential mortgage servicing rights associated with $10 billion of mortgage loans included in private securitizations and whole loan portfolios, including pre-financial crisis structures, and more than 500 different underlying servicing arrangements.
A nonbank wholesale lender in arrangements with more than 15 state and local housing finance agencies for origination, purchase and servicing of loans under agencies’ housing finance assistance programs, including down payment assistance, management of relationships with originators, and issuance of municipal bonds to finance loans.
HomeStreet Bank in sale of its entire Ginnie Mae servicing rights portfolio to a third-party purchaser in connection with its merger with Mechanics Bank.
Gregory Funding, a servicer affiliate of Great Ajax, in a transfer of its portfolio of residential mortgage servicing rights associated with private securitizations to Newrez, as a part of an orderly wind-down of business.
A nonbank lender in arrangements to originate, fund and service loans for home improvement work.
A leading nonbank owner of mortgage servicing rights in subservicing agreements and related agreements for refinance recapture and other services with eight different subservicers.
A leading nonbank mortgage lender in arrangements to subservice agency servicing rights and perform refinance recapture activities for a REIT owner of mortgage servicing rights.
Bank and non-bank purchasers and sellers of residential mortgage servicing rights in purchases and sales coupled with retained subservicing by sellers.
A nonbank lender and related investment fund in purchase, financing, servicing and repooling of Ginnie Mae delinquent "early buyout" loans.
A private investment fund affiliate in transfers of reverse mortgage loans from Fannie Mae to Ginnie Mae, with an exchange of related servicing rights and a participation agreement with an established Ginnie Mae reverse mortgage servicer.
A private investment fund and related residential loan servicer in connection with a program for third party investments in residential mortgage servicing rights, including creation of form agreements for acquisition of servicing rights, and excess servicing arrangements.
A national bank client in review and summarization of terms of approximately 200 pre-financial crisis residential mortgage loan sale and servicing agreements associated with private label securitizations.
Bank and non-bank lenders in creation of Real Estate Settlement Procedures Act-compliant joint ventures affiliated business arrangements for origination of mortgage loans with homebuilders and realtors, and for issuance of title insurance.
A national bank in a special servicer's engagement to service troubled mortgage loans on a nationwide basis.
A national bank in the engagement of student loan default collections service provider.
A national bank in the purchase of national mortgage origination and mortgage servicing platforms and related servicing rights, and negotiation of the related subservicing agreement.
A national bank subsidiary of a foreign bank holding company in the sale of capital stock of a national mortgage company and mortgage servicing rights related to $240 billion of loans.
A national bank in the sale of Fannie Mae, Freddie Mac and Ginnie Mae servicing rights related to $140 billion of Federal Housing Administration-insured and US Department of Veterans Affairs-guaranteed mortgage loans.
A national bank in the engagement of a non-bank mortgage company to provide "private label," mortgage origination and related services..

出版物及演讲

教育背景

University of Virginia School of Law, 法律博士
Articles Editor, Virginia Tax Review
弗吉尼亚大学, BA, with distinction, Economics

执业资格

华盛顿哥伦比亚特区
弗吉尼亚州

专业及社区参与

American Bar Association (Business Law and Real Property, Probate and Trust Law Sections)
Bar Association of District of Columbia
Virginia Bar Association (Business Law Section)

Eric J. Edwardson

概览

执业经验

Represented:

相关服务及行业

服务

行业

出版物及演讲

出版物

MSR Deal Points Q&A

Considerations for MSR Fund Investments

活动

10th Annual Mortgage Servicing Rights Forum (East)

MSR Platform & Company M&A: Will the Activity Continue or be Swamped by High Interest Rates?

教育背景

执业资格

专业及社区参与