As counsel to both banks and issuers, Janet Sadler McCrae understands the business needs driving financial transactions and the relevant legal context that applies to them. This broad outlook enables her to give clients comprehensive advice with the most productive solutions in mind.
Janet assists clients with offered transactions relating to a diverse base of assets, including residential mortgage loans (primarily in the reverse space), servicing advances and synthetic credit risk transfer. She has worked on financings and bilateral transactions across a wide spectrum of structures and assets, including lending facilities.
She also understands how to guide clients in sales of MSRs, excess spread and other servicing-related assets. This breadth of experience allows her to help clients act quickly on market opportunities and innovate new structures in response to investor demand.
Janet displays a strong affinity for pro bono work. She has acted as pro bono counsel through her involvement with the City Bar Justice Center’s clinic at a shelter that serves homeless mothers and children, as well as for no-contest divorces offered to indigent clients of the New York Legal Assistance Group.
In addition, she has participated in the Volunteers of Legal Services program to assist incarcerated mothers at Taconic State Prison.
Experience:
- Represented initial purchasers and placement agents in issuances of term and revolving asset-backed securities collateralized by servicer advance receivables.
- Represented initial purchasers in securitizations of nonperforming HECM loans.
- Represented dealers and initial purchasers in credit risk transfer transactions, primarily in the synthetic space, with respect to GSE products as well as private mortgage insurer risk transfer.
- Represented servicers of mortgage loans with respect to all facets of their business, including acquisitions and sales of servicing rights and loans, and financing servicer advance receivables and servicing rights through structured facilities and traditional credit facilities.
- Represented borrowers and lenders with respect to the financing of residential mortgage loans, servicing rights, servicer advances and residential and commercial mortgage-backed securities.
- Represented bank-sponsored asset-backed commercial paper conduits in transactions involving trade receivables, mortgage loans and other financial assets.
- Represented monoline financial guaranty insurer in connection with 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.
EDUCATION:
- JD, William & Mary Law School, Notes Editor, Environmental Law & Policy Review, 2007
- AB, Princeton University, summa cum laude, Phi Beta Kappa, 2004
BAR ADMISSIONS:
- New York
- Virginia
Cost
Rate : $$$
