Buckley Sandler LLP

Law Firms

Buckley Sandler LLP
Name: Anu Vermani, Business Development Manager
Phone: (202) 349-8052

About the Business

Buckley Sandler is a law firm with more than 150 lawyers in Washington, DC, New York, Chicago, Los Angeles, and London that, among other things, advises banks, mortgage lenders and servicers, credit card companies, insurance companies, securities firms, and other financial services companies in matters affecting their industries.

We have a team of lawyers who are focused on assisting reverse mortgage lenders, servicers, and investors with regulatory compliance, transactional, and enforcement issues related to both FHA HECM and proprietary reverse mortgage products. Our regulatory and compliance services include analyzing federal and state requirements and restrictions (e.g., licensing/approvals, housing counseling, marketing, underwriting, disclosures, fee permissibility, cross-selling, UDAP/UDAAP, servicing, claims filing, and GNMA HMBS program), and developing and implementing reverse mortgage products strategies, including policies, procedures and internal controls for reverse mortgage lenders and servicers (including quality control plan drafting and revision), third-party risk management, and auditing of day-to-day operations.

We also handle transactions related to reverse mortgage products, including structuring, drafting and negotiating loan and servicing rights purchase, assignment and assumption, loan broker, loan correspondent, servicing, sub-servicing and participation agent agreements, M&A agreements, and advising on Regulation AB requirements. Our work also includes counseling clients with respect to repurchase demands and other significant issues related to their secondary market agreements. Our enforcement work includes assisting clients with self-reporting issues to regulators, and responding to government inquiries (e.g., information requests, subpoenas, civil investigative demands) and negotiating resolutions for clients.