Offering clients a unique combination of experience and innovation,Edward L. Douma’s practice focuses on securitization transactions and secured financing transactions. For more than 30 years, Ed has concentrated on the financing of term and revolving assets, with a focus on mortgages and mortgage-related assets such as servicing rights, as well as more esoteric assets and structures.
His experience includes the representation of issuers, investment banks and credit enhancement providers in connection with mortgage-backed and asset-backed structured finance transactions and the representation of management and investors in the formation and operation of private equity funds investing in securitized assets.
Ed has developed and designed innovative structures for financing mortgage servicing rights and commuting financial guaranty insurance policies in corporate restructuring programs for mono-line insurance companies. He also has extensive experience with establishing commercial paper and term securitization programs.
He has structured, negotiated and documented domestic and international transactions for financing residential and commercial mortgages, small business loans, auto loans, future receivables, computer leases, equipment leases, trade receivables, synthetic leases, corporate debt and other financial assets.
Experience:
- Counsel to investment bank in the creation of master trust structure for the financing of Ginnie Mae mortgage servicing rights and the related issuance of $400 million of term notes.
- Represented financial guaranty insurer in the company’s surplus restoration plan, including designing and implementing an exchange offer for approximately $10.7 billion (based on then current face amount) of residential mortgage-backed securities and asset-backed securities.
- RMBS counsel to financial guaranty insurer in an exchange offer for over $6.8 billion of insured residential mortgage backed securities, effectively commuting financial guaranty insurance policies related to approximately $3.8 billion of RMBS and approximately $1.2 billion in loss reserves associated with the insurer’s RMBS portfolio.
- Active participant in advocacy initiatives relating to Dodd Frank Wall Street Reform and Consumer Protection Act.
- Represented FDIC insured institution in its residential mortgage loan program, including warehouse financings, secondary market sales and the establishment and operation of its residential mortgage securitization program.
- Represented management in forming multiple private equity funds to invest in mortgage-related securities.
- Designated underwriters counsel in multiple offerings by the first issuer to publicly offer securities backed by small business loans.
- Representation of commercial paper conduits in multiple transactions involving trade receivables, residential mortgage loans and asset-backed securities.
- Issuer’s counsel for large independent leasing company’s term and commercial paper financing facilities for computer, telecommunications and other equipment leases.
- Represented Spanish bank and subsidiary investment bank with the offering of pass-through certificates backed by Argentine telecommunications receivables.
- Counsel to US investment bank for the issuance of asset-backed certificates backed by future receivables of Brazilian manufacturing concern
EDUCATION:
- JD, University of the Pacific, with great distinction, 1986
- AB, Political Economy of Industrial Societies, University of California, 1982
BAR ADMISSIONS:
- Virginia
- District of Columbia
Cost
Rate : $$$
