Loan Trading and Servicing
Stevens & Lee has counseled clients in the purchase and sale of hundreds of pools of single and multi-family mortgage loans, student loans, commercial loans and various types of consumer loans with trades ranging in size from $1 million to billions of dollars. These trades involve a wide variety of buyers and sellers including:
- Savings institutions
- Mortgage companies
- Specialty finance companies
- The FDIC and FHA, housing authorities and other governmental units
- Insurance companies
- Credit unions
- Investment funds
- Fannie Mae and Freddie Mac
We have also been involved in the purchase and sale of loan portfolios of varying quality from portfolios of Fannie Mae and Freddie Mac-eligible loans to those including loans in foreclosure and REO properties.
We represent loan servicers and investors in servicing and subservicing contract matters, the purchase and sale of servicing rights and the termination of servicing agreements. We count the Pennsylvania Higher Education Assistance Agency (PHEAA), which administrates student loans with an aggregate principal amount of $200 billion, among our clients.