Residential Mortgage Finance

At the forefront of residential mortgage finance

Dechert is at the forefront of residential mortgage loan acquisitions, servicing and residential mortgage-backed securities (RMBS). Our lawyers represent issuers, underwriters, servicers and investors in post-credit crisis RMBS transactions.

Dechert represents buyers and sellers of pools of performing mortgage loans, non-performing mortgage loans and REO. As counsel to mortgage servicers, Dechert advises on a wide variety of matters, including compliance with Regulation AB requirements and the establishment of procedures necessary to comply with securitization servicing standards.

Representing issuers and underwriters

We represent issuers and underwriters in transactions involving prime and subprime mortgage loans, “ALT A” mortgage loans, second liens, home equity lines of credit (HELOCs), and manufactured housing contracts, as well as net-interest margin transactions and synthetic securitizations. Working collaboratively with our tax partners, we address the complex issues arising from transactions, which involve virtually every tax and cash-flow structure and form of credit enhancement.

Dechert works with clients to review and assess issues arising under their pooling and servicing agreements and whole loan agreements related to servicing procedures, bond payment waterfalls and liability for representations and warranties. Our lawyers are experienced in efficiently reviewing and analyzing large numbers of whole loan sale and servicing agreements and pooling and servicing agreements for these important issues.

Dechert is a market leader in single-family rental (SFR) and fix & flip finance and securitization transactions.

Dechert represents lenders, borrowers, investors, issuers and investment banks on many of the most complex and important SFR and fix & flip transactions. As early as 2012, Dechert began
working with our clients to develop their SFR lending and securitization platforms. Dechert attorneys have since completed a variety of complex SFR and fix & flip transactions for many
clients, including numerous warehouse facilities, term loans, single-borrower securitizations, multi-family securitizations and residential multi-family and fix & flip securitizations.

  • Named a "Real Estate Practice Group of the Year" at the 2020 Law360 Practice Groups of the Year Awards.
  • Ranked Tier 1 for Structured Finance: Securitization by The Legal 500 U.S. in 2020.
  • Ranked Tier 2 for Real Estate by The Legal 500 U.S. in 2020. 
  • Ranked nationally for Capital Markets: Securitization by Chambers and Partners USA for the past eight years, 2013-2020.