Cadwalader offers broad expertise in sophisticated commercial and residential secondary mortgage market transactions. Our clients buy, sell and swap whole loans and participations representing commercial and residential mortgage loan portfolios, including:

• residential first and second mortgage loans (including FHA, VA, FmHA conventional, and subprime mortgages and manufactured housing)
• performing and nonperforming residential, commercial and multifamily mortgage loans
• franchise loans in whole loan, participation, private placement and swap transactions
• various forms of revolving credit and repo facilities secured by all types of residential mortgage loans.

We also structure residential, multi-family and commercial mortgage loan conduits; revolving credit/commercial paper facilities secured by commercial real estate; purchases and retrades of residential and commercial mortgages from the FDIC; servicing and/or pooling of mortgage loans for sale to various government or quasi-government agencies or as part of private or public pass-through transactions; and warehouse and gestation repos and financings and transactions with FMNA, Freddie Mac, GNMA and HUD. Cadwalader has a well-earned reputation for innovation in this area, having participated in the first FNMA multi-family swap.