Residential Mortgage-Backed Securities

Cadwalader's participation in residential mortgage-backed securitization transactions is multi-dimensional. Globally, we advise issuers, underwriters, institutional investors, loan sellers, trustees, servicers and credit-support providers.

Since 1983, when we helped the Federal Home Loan Mortgage Corporation, now known as Freddie Mac, create the first collateralized mortgage obligation, we have participated in over $1 trillion of residential mortgage securitization transactions. Our experience extends to a broad spectrum of residential mortgage products, including: traditional "A" credit mortgage loans; “alternative A" and "B and C" credit quality loans; ARMs with a variety of indices; relocation loans; "scratch and dent" loans; re-performing and non-performing loans; balloon loans; manufactured housing loans; co-op loans; buy-down loans; employer subsidized loans; Title I home improvement loans; home equity loans; high LTV loans and reverse mortgage loans.

We have structured transactions featuring every type of mortgage security designed by Wall Street, such as PACs, TACs, floaters, inverse floaters, COFI floaters, WAC IOs, "IO-ettes", ratio stripped POs, "lockout bonds", accrual bonds and component structures, and every form of credit enhancement currently or previously used in the market, including shifting interest senior subordination, overcollateralization, mortgage pool insurance, surety bonds and various combinations of the foregoing. We have also been extensively involved in the resecuritization of agency pass-through certificates and agency REMICs and of senior and subordinate private label mortgage securities.

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13 Attorneys

Barnes, Cheryl D. Partner Washington
T. +1 202 862 2340
Craske, Merryn Counsel London
T. +44 (0) 20 7170 8662
Duncan, Angus Partner London
T. +44 (0) 20 7170 8640
Gambro, Michael S. Partner New York
T. +1 212 504 6825
Gavin, Chris Partner New York
T. +1 212 504 6760
Goldstein, Stuart N. Partner Charlotte
T. +1 704 348 5258
New York
T. +1 212 504 6316
McCormack, Michael A. Special Counsel New York
T. +1 212 504 6569
Miller, Jed Special Counsel New York
T. +1 212 504 6821
Pauquette, Lisa Partner New York
T. +1 212 504 6298
Polverino, Frank Partner New York
T. +1 212 504 6820
Schuler, Gary E. Associate Charlotte
T. +1 704 348 5304
Schwartz, Jordan M. Senior Counsel New York
T. +1 212 504 6136
Silverstein, Gary T. Partner New York
T. +1 212 504 6858

Contact(s)

Michael S. Gambro
+1 212 504 6825 
michael.gambro@cwt.com
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Chris Gavin
+1 212 504 6760 
chris.gavin@cwt.com
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Frank Polverino
+1 212 504 6820 
frank.polverino@cwt.com
v-card
Jordan M. Schwartz
+1 212 504 6136 
jordan.schwartz@cwt.com
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