Holders of mortgage servicing rights often desire to obtain financing backed by future cash flows arising under those mortgage servicing rights.
In addition to advising clients in the servicer advance financing transactions, Sidley represents clients in innovative transactions involving the financing of residential mortgage servicing rights and interests in residential mortgage servicing rights, including excess servicing fees.
These transactions have related to Ginnie Mae mortgage servicing rights, Freddie Mac mortgage servicing rights, Fannie Mae mortgage servicing rights, private-label securitization mortgage servicing rights and sub-serviced mortgage servicing rights.
Sidley’s team has extensive experience with the unique issues related to these transactions.