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Banking & Financial Institutions


Wooden & McLaughlin LLP’s Banking and Financial Institutions Practice Area includes attorneys who focus their practices on issues impacting the financial services industry. As the industry continues to change, our attorneys make sure they stay current with those changes that affect our clients.

Lending Transactions
Representing lenders in transactions is a significant part of our work. Our attorneys represent major financial institutions, regional lenders, other providers of capital and borrowers in structuring and closing construction, term, permanent and mezzanine loans, including commercial mortgage loans intended for securitization, syndication or other secondary market conduit programs. We have experience with sophisticated lending arrangements, including syndicated loans, section 42 low income housing tax credit, and tiered debt transactions. We believe every real estate financing transaction presents its own set of unique opportunities and challenges and bring a creative, problem-solving approach to each matter.

We also represent corporate clients in their borrowings. This work involves substantial due diligence, negotiation of the complex underlying documentation with financial institutions, and the preparation and delivery of complex legal opinions.

Banking Regulation
The list of federal agencies, laws and regulations that govern banks and other financial institutions seems endless. Then there is often additional state regulation that must be considered. We help commercial banks, bank holding companies, and mortgage finance companies comply with their regulatory requirements.

Mortgage Banking
An important aspect of our practice involves representing financial services companies in all aspects of mortgage banking products and services. We help financial institutions and mortgage bankers comply with federal consumer credit protection statutes and related regulations such as the Truth-in-Lending Act, Real Estate Settlement Procedures Act, Equal Credit Opportunity Act, Home Mortgage Disclosure Act, Community Reinvestment Act, Fair Credit Reporting Act, etc. We also advise financial institutions and mortgage bankers in areas of federal authority and preemption affecting their lending activities. For a more complete description of these services, please see MORTGAGE BANKING AND BROKERAGE COUNSEL.

Workouts and Bankruptcy
We represent our banking and financial institution clients in their efforts to collect their loans in default and enforce their collateral security. In some cases, the best course of action is to restructure and otherwise work their way out of problem credits. We advise clients on lender liability issues and non-bankruptcy asset liquidations. For a more complete description of these services, please see CREDITORS’ RIGHTS AND LIABILITIES.

Affordable Housing
We represent lenders, owners, and developers in financing of and investment in multi-family housing. Our lawyers are experienced in all aspects of multi-family finance, including the use of tax credits and programs of Fannie Mae, Freddie Mac, FHA/HUD, and Ginnie Mae. We produce financing documentation and advise clients regarding rights and remedies arising out of the origination, sale, pooling and servicing of mortgage loans secured by apartment and seniors projects.

Our lawyers have substantial experience in the combination of low income housing tax credits, public housing and HUD assisted financing and subsidy programs. We have assisted clients with problems that result from mortgage defaults or operational difficulties, and have assisted lenders in obtaining clearance for participation in HUD programs.