why to become an attorney in securitization

Why do you want to be a lawyer?

Our securitization team, meanwhile, advises on note issuances backed by assets that produce cash flows. We advise a wide range of clients, including banks, financial institutions, corporates and funds. The teams work together when a deal requires the expertise of both strands (e.g. a securitization deal may involve a currency or interest rate ...

Is it hard to become a lawyer?

Apr 01, 2014 · Sue the Creditor and/or Servicer. As to punishing servicer recalcitrance, federal law provides borrowers with a private right of action against the creditor and/or servicer as appropriate. The court can order the defendants to pay the borrower up to $4000, plus any actual damage, plus legal fees and costs of the action.

What is the prestige of being a lawyer?

That’s why you want these guy’s in your corner, performing your Securitization Audit. NOTE: If you are or become a member of the Foreclosure Defense Memership Program, you save $300 off the regular price. Most Attorneys’ charge between, $2000 and $4000 for the same service.

What does a public interest lawyer do?

Special Purpose Vehicles and Securitization* Gary Gorton ... despite legal and accounting restrictions to the ... They are structured so that they cannot become bankrupt, as a …

What does a securitization lawyer do?

DR: Associates on the securitization team advise clients on regulations relating to securitization transactions, which include US risk retention rules, the Volcker rule and Regulation AB. Additionally, associates help draft transaction documents for companies that are looking to securitize their assets.

What do derivatives lawyers do?

reviewing and negotiating derivatives contracts, clearing documentation, repurchase agreements, stocklending agreements, collateral and security agreements and other trading documentation. advising on compliance with relevant commodities, securities, banking and insurance laws including their application cross-border.Jan 20, 2022

Why do lawyers choose to be lawyers?

Lawyers play a vital role in society by interpreting laws, advocating for social justice and protecting the rights of their clients. ... Reasons to become a lawyer vary from one person to the next, but common motivations include a comfortable salary, prestige and a chance to better society.Aug 27, 2020

What does a structured finance lawyer do?

Expert Structured Finance Law Firm The Structured Finance team specialises in providing advice for a broad range of participants in structured finance transactions, including banks, bridging funders, funds, investors, issuers, originators and arrangers.

Are derivatives legal?

Fourth, derivatives traditionally are regulated not through heavy-handed bans on trading, but through common-law contract rules that protect and enforce derivatives that are used for hedging purposes, while declaring purely speculative derivative contracts to be legally unenforceable wagers.Jul 21, 2009

Are derivatives legal contracts?

In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying".

Why do I love being a lawyer?

You Get to Help People You do help people, whether you're a criminal prosecutor or an insurance defense attorney. That's one of the great things of working directly with clients: you're always solving someone's problems.Dec 31, 2015

Why should I study law?

A law degree opens the door to many careers. You can progress into the legal profession with a law degree, but it can open so many other doors to employment too. Law degrees are academically rigorous and provide graduates with numerous transferable skills, making law graduates attractive to many employers.Dec 1, 2020

Why did you choose law as a career?

Financially Rewarding: The law career offers you a lucrative job opportunities in the several industries. The majority of annual increments is there in double figure. The associates of a legal profession can earn several lakhs of rupees annually as it needs a perfect analysis of the case.Jun 19, 2021

What is securitization law?

Securitization and structured finance law combines multiple legal disciplines to enable originators and owners of assets with a predictable stream of payments, such as residential or commercial mortgage loans, automobile loans and leases, credit card receivables, equipment leases and loans, student loans, trade ...

Is securitization a good career?

Structured finance jobs are a very niche area, and their revenues are also smaller compared to the other finance biggies. Considering the junior analyst level positions, the pay is what you would expect at any other investment banking firm. For the senior levels, it does get better.

What is the process of securitization?

The securitization process has two basic steps. First, a creditor pools assets from its balance sheet into a portfolio and sells it to a special purpose vehicle (SPV) or other issuer (for example, a trust). The asset originator is therefore removed from the equation and has no legal interests in the securities created.

What is a securitized asset?

Securitization is a way to transform an illiquid asset (or group of illiquid assets) into a security. A group of contractual debt obligations -- e.g. a mortgage, auto loan, or credit card debt obligation -- is pooled together and the cashflows resulting from these underlyings is resold to investors as a security. Examples of securitized securities include bonds, pass-through securities, or collateralized debt obligations.

What are the types of debt based assets?

Many types of debt-based assets are securitized . Credit card balances, automobile loans and student loans are commonly securitized. Perhaps the most common type, even after the financial crisis, is mortgage-backed securities. In a mortgage-backed security, mortgages issued to people with high credit ratings are packaged into senior tranches, while debtors with lower credit ratings are packaged together for more junior tranches.

What is the role of an attorney in society?

Attorneys have stood at the center of society for centuries. They're in a unique position to affect societal change as lawmakers and thought leaders. They write the laws, rule the courts, and hold influential positions in government.

Why are lawyers important?

Lawyers are in a unique position to help individuals, groups, and organizations with their legal problems and to further the public good. Public interest lawyers champion legal causes for the greater good of society and help those in need of legal assistance who might not otherwise be able to afford attorneys.

What is prestige in law?

The Prestige. A career as a lawyer has been a hallmark of prestige for generations. Impressive degrees and a certain authority over others have placed lawyers in an elite circle of professionals who command respect and embody the definition of success.

What is the most rewarding job?

Working as a lawyer is one of the most intellectually rewarding jobs on the planet. From helping to patent a trade secret, or devising a trial strategy, to forming a multi-million dollar merger, lawyers are problem-solvers, analysts, and innovative thinkers whose intellect is crucial to career success.

What are the sub-specialties of law?

Lawyers can specialize in one or several niche areas, ranging from bread-and-butter practices such as employment law , foreclosure law, and civil litigation to specialties such as green law or intellectual property law.

How much do lawyers make?

Lawyers are among the highest-paid professionals in the legal industry, and most attorneys earn salaries well above the national average. The median annual salary for all lawyers was $120,910 in 2018, according to the U.S. Bureau of Labor Statistics, but the world’s top attorneys can pull in million-dollar annual incomes .

Where do lawyers work?

Work Environments and Perks. The majority of lawyers work in law firms, government, and for corporations. In an age where cubicles have become the mainstay of the modern workplace, lawyers typically work in offices with four walls.

What happens if a creditor indorses a note in blank?

Furthermore, according to the Uniform Commercial Code (UCC), if a creditor indorses the note in blank instead of naming an assignee, the note becomes bearer paper. See, UCC §3-205 https://www.law.cornell.edu/ucc/3/3-205.

What happens if a servicer plays dumb?

If the servicer plays dumb or either the servicer or creditor fail to inform the borrower, then the borrower may seek enforcement assistance from the CFPB. As I mentioned above, you can file a complaint via the web site:

Can you sue a lender for a crooked note?

You SHOULD know that if the lender or his agents or associates engaged in some crooked behavior that invalidated the note or the loan transaction, that will give you reason to sue.

Is a servicer an assignee?

A servicer of a consumer obligation arising from a consumer credit transaction shall not be treated as an assignee of such obligation for purposes of this section unless the servicer is or was the owner of the obligation.

Can you use a foreclosure audit to avert foreclosure?

Securitization audits have suffered a SHOCKING decline recently as foreclosure victims learned the hard way that the audits give no value to the foreclosure process, and foreclosure victims cannot use them to avert foreclosure.

What is a securitization audit?

Securitization Audits are to the Bank what “Kryptonite” is to Superman. They absolutely hate when a homeowner has used one to uncover the fraud contained in their Foreclosure Documents, as it is estimated that over 80% of the foreclosures that are being done have fraud in the foreclosure documents. This means that the party attempting ...

What is MSI audit?

Well, you should know about a new type of investigation called a MSI (Mortgage Scene Investigation) Securitization Audit … it’s a powerful process to defend yourself and your home before, during or after Foreclosure.

Comprehensive Counsel Wherever You Need Us

• Securitization is a way to transform an illiquid asset (or group of illiquid assets) into a security. A group of contractual debt obligations -- e.g. a mortgage, auto loan, or credit card debt obligation -- is pooled together and the cashflows resulting from these underlyings is resold to investors as a security. Examples of securitized securities include bonds, pass-through securities, or collaterali…

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