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Ralph R. Mazzeo focuses his practice on mortgage finance and capital markets, with a particular emphasis on structured finance, including residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs). Mr. Mazzeo has more than a decade of experience in advising issuers, mortgage originators, servicers, collateral managers, underwriters, financial guarantors and others in connection with securitizations, asset sales and debt restructurings. He is a recommended lawyer for Real Estate in The Legal 500 U.S., where clients praised him for “having the experience and depth needed to quickly get to the heart of the issue.”

Mr. Mazzeo's experience includes the securitization of various types of assets, including mortgage loans, manufactured housing loans, servicing advances, public utility stranded costs and credit card receivables, as well as resecuritizations and net interest margin securitizations. Mr. Mazzeo also has significant experience representing parties selling or acquiring mortgage loans and mortgage servicing rights.

A member of Dechert’s Financial Markets Recovery Task Force, Mr. Mazzeo has counseled numerous financial institutions and investment managers in connection with the government-sponsored financial recovery programs, including the Term Asset-Backed Securities Loan Facility (TALF), the Public-Private Investment Program (PPIP) and the Temporary Liquidity Guaranty Program (TLGP). In addition, he has represented financial institutions and asset purchasers in structuring the disposition and financing of distressed financial assets through the use of joint ventures, participations and various fund structures, and represented CDO collateral managers in a variety of collateral debt restructurings and asset sales.

Mr. Mazzeo also advises investment managers on the structuring and formation of private equity and hedge funds, with an emphasis on investments in real estate, distressed debt and TALF-eligible securities.

Mr. Mazzeo is editor-in-chief of Dechert’s finance and real estate blog, CrunchedCredit.


University of Pennsylvania, B.A., 1991
New York University, M.P.A., 1993
The University of Arizona James E. Rogers College of Law, J.D., 1997, summa cum laude, Senior Articles Editor of the University of Arizona Law Review

Bar Admissions/Qualifications

New York
Delaware (inactive)


Mr. Mazzeo is an active member of the Structured Finance Industry Group (SFIG), the Mortgage Bankers Association and the Commercial Mortgage Securities Association. He is also a regular author and speaker on issues affecting securitization and the real estate finance industry.