Wright & Yonan provides corporate and regulatory mortgage lending advice to state-licensed mortgage bankers and brokers, state and federally-chartered banks, thrifts, and other financial institutions. As former in-house corporate and compliance counsel to one of the nation’s largest privately-owned financial institutions, Wright & Yonan’s mortgage banking team knows first hand the complicated business and legal issues that face its clients on a daily basis. This kind of in-depth, real-world experience is invaluable when it comes to understanding our client’s procedures, risks, and regulatory concerns.

Corporate Matters

Wright & Yonan’s mortgage banking team has extensive experience drafting and negotiating the panoply of agreements central to mortgage originators, including broker agreements, correspondent agreements, whole loan purchase agreements, repurchase agreements, reverse repurchase agreements, warehouse line of credit agreements, and servicing rights purchase and sale agreements. We also assist mortgage lenders to establish legally-compliant joint ventures and other relationships with real estate brokers, title insurance companies, home builders and general insurance companies.

Regulatory and Supervisory Matters

Wright & Yonan’s mortgage banking team has considerable experience working with federal and state regulatory agencies. Our mortgage banking team leverages this experience when dealing with federal and state regulators on behalf of our clients. We prepare and file federal and state regulatory applications, including applications for new charters and state licenses. We provide advice on the full range of regulatory and supervisory issues central to mortgage lending institutions. Wright & Yonan’s mortgage banking team is fully conversant in the Real Estate Settlement Procedures Act (“RESPA”), Truth in Lending Act (“TILA”), Home Ownership and Equity Protection Act (“HOEPA”), Equal Credit Opportunity Act (“ECOA”), Fair Housing Act (“FHA”), Home Mortgage Disclosure Act (“HMDA”), Homeowners Protection Act (“HPA”), Fair Credit Reporting Act (“FCRA”), and the Fair Debt Collections Practices Act (“FDCPA”). We also analyze policies and procedures for compliance with applicable federal and state laws and conduct in-house training seminars. Finally, we assist companies with implementing the latest federal and state laws and regulations.