Community Banking and Mortgage Transactions
State and federal community banks and mortgage companies rely upon our lawyers as corporate counsel to meet their daily legal needs in the areas of corporate governance, employment matters, bank and lending regulatory compliance, business contract review and real estate agreement review for branch locations.
Clients rely upon our experience to prepare and negotiate complex transaction agreements with local and national banks, mortgage lenders and governmental and quasi-governmental entities for the sale or purchase of one-to-four family residential mortgage loan portfolios and pools of mortgage servicing rights. Our lawyers are also experienced in bank and mortgage company merger and acquisition transactions involving the sale of deposits and loans, branch locations and financial institutions as a whole.
Representative Engagements:
- General counsel to Massachusetts federal savings bank and its mortgage company subsidiary providing regulatory, employment, vendor contract, corporate and transactional advice.
- Counsel to Massachusetts mortgage lender in the sale of a $300 Million portfolio of Fannie Mae and Freddie Mac residential mortgage servicing rights to national lender.
- Counsel to Massachusetts savings bank in the sale of $15 Million in residential mortgage loans to international institutional investor.
- Counsel to Massachusetts mortgage lender in the sale of a $250 Million portfolio of Fannie Mae and Freddie Mac residential mortgage servicing rights.
- Counsel to Massachusetts mortgage lender in a tri-party agreement for the sale of residential mortgage loans with Freddie Mac and a national banking institution.
- Counsel to mortgage lenders in the negotiation and resolution of disputes with local and national institutional investors related to claims for indemnification and repurchase arising from the origination and servicing of residential mortgage loans.
- Counsel to Massachusetts savings bank in the development of a correspondent lending agreement for use with multiple correspondent lenders.
- Counsel to Massachusetts mortgage lender in the review and negotiation of multiple mortgage broker agreements with local and national investors.
- Counsel to Massachusetts national bank in the sale of merchant credit card portfolio to national merchant credit card transaction processor.
- Counsel to an institutional lender in connection with construction and permanent financing of a phased upscale condominium development adjacent to a nationally-known golf course.
- Counsel to a regional savings bank in various matters including vendor contracts, real estate acquisitions, branch leasing and ATM locations.
- Counsel to a Massachusetts savings bank in multiple transactions involving the acquisition of whole mortgage loan portfolios from national financial and investment banking institutions with transactions ranging from $2 Million to $50 Million.
- Counsel to local and regional mortgage lenders providing regulatory, lending and compliance advice.
- Counsel to a Massachusetts based federal financial institution in the acquisition of five branch locations in eastern Massachusetts from another bank.
- Counsel to a bank subsidiary in the acquisition and subsequent partial divestiture of a 26 acre shopping center in south central Massachusetts
