Ralph R. Mazzeo focuses his practice on mortgage finance and capital markets, with a particular emphasis on structured finance, including residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs). Mr. Mazzeo has more than a decade of experience in advising issuers, mortgage originators, servicers, collateral managers, underwriters, financial guarantors and others in connection with securitizations, asset sales and debt restructurings.
His experience includes the securitization of various types of assets, including mortgage loans, manufactured housing loans, servicing advances, public utility stranded costs and credit card receivables, as well as resecuritizations and net interest margin securitizations. Mr. Mazzeo also has significant experience representing parties selling or acquiring mortgage loans and mortgage servicing rights.
A member of Dechert’s Financial Markets Recovery Task Force, Mr. Mazzeo has counseled numerous financial institutions and investment managers in connection with the government-sponsored financial recovery programs, including the Term Asset-Backed Securities Loan Facility (TALF), the Public-Private Investment Program (PPIP) and the Temporary Liquidity Guaranty Program (TLGP). In addition, he has represented financial institutions and asset purchasers in structuring the disposition and financing of distressed financial assets through the use of joint ventures, participations and various fund structures, and represented CDO collateral managers in a variety of collateral debt restructurings and asset sales.
Mr. Mazzeo also advises investment managers on the structuring and formation of private equity and hedge funds with an emphasis on investments in real estate, distressed debt and TALF-eligible securities.
After a large contingent of Dechert attorneys attended April’s IMN CLO and Leveraged Loan Conference, our CLO team returned home optimistic and eager to continue to play a significant role in the thriving CLO market. As the months quickly passed and the clock hit double zeros in the second quarter of 2013, the halftime statistics … Continue Reading
While we here at CrunchedCredit recognize that many of our readers spend their days deep in commercial lending land, we also like to provide updates for our residential lending friends from time to time (and for our commercial lending friends who like to be able to impress their resi-friends at cocktail parties). You may have … Continue Reading
The Miami Heat’s home playoff games are not going to be the only events drawing attention to sunny Miami next week as IMN hosts its annual REO-to-Rental Forum in Miami. As we have previously discussed numerous times (here, here and here, and OnPoint Updates here and here), the REO-to-Rental asset class has become quite a hot … Continue Reading
The second annual IMN CLO and Leveraged Loan Conference returned to New York this past week. Building on last year’s momentum (discussed here), over 1,500 managers and investors, in addition to structurers, bankers, lawyers and other industry actors, filled the convention space at the Conrad Hotel, doubling last year’s attendance and causing standing room only … Continue Reading
While we’re on the topic of Dodd-Frank rules and regs that could have a significant impact on the securitization market, the SEC recently reported the findings of a study it conducted regarding assigned credit ratings for structured finance products – a report required under Section 939F of the Dodd-Frank Act that will subsequently lead to … Continue Reading
Dechert’s securitization team is looking forward to the American Securitization Forum 2013 (“ASF 2013”) conference starting this Sunday, as it is expected to be once again the largest capital markets conference in the world. ASF 2013 is expecting over 4,500 participants who will all convene at the Aria Hotel and Convention Center in fabulous Las … Continue Reading
Earlier this summer, the New York State Assembly passed the “Foreclosure Fraud Prevention Act of 2012” which imposes criminal liability on those in the residential mortgage business who use allegedly fraudulent and deceptive practices in connection with a foreclosure action, and the Managers who “recklessly tolerate” any such practices. Despite the swift passage in the … Continue Reading
Earlier this month I was a panelist at the HOPE NOW REO Symposium in DC. The Symposium brought together residential mortgage loan servicers, community non-profits, private equity investors, government agencies and lenders to discuss the growing number of REO on the balance sheets of Fannie, Freddie and private mortgage lenders. I participated in a panel that focused … Continue Reading
The ASF 2012 Conference held last month in Las Vegas was a success by any measure and attracted an impressive number of attendees (4,500). Attendees were happy to escape New York and other chilly locales and attend some great panel discussions on securitization, regulatory developments and mortgage servicing (or, for some, at least read about those panels … Continue Reading
The American Securitization Forum (ASF) Conference returned to Las Vegas on Sunday after short stints in DC and Orlando. As you may recall, the Conference’s last hurrah in Vegas in 2009 was not well received by the Fourth Estate – the juxtaposition of investment bankers meeting in Sin City with the then-recent creation of the … Continue Reading
Last Thursday evening, Dechert partners in our Finance and Real Estate Group and Bankruptcy, Business Restructuring and Reorganization Group hosted a cocktail party for our clients at our New York office. The main item on the agenda for the evening was simply to take the opportunity to learn more about what’s on the minds of … Continue Reading
The final day of ABS East in Miami closed on Tuesday late afternoon and we’re back home with no suntans. Those of us who didn’t overdo it on Monday evening (we won’t mention names) started Day 3 at a panel discussion titled “Lessons from the Financial Crisis: Required Steps for Rebuilding the Investor Base and … Continue Reading
Dechert attorneys kicked off ABS East by hosting a Day 1 cocktail party at the Fontainebleau that was well attended by our friends and clients. Day 2 of ABS East is underway. The Monday opening panel– Restoring Confidence and Rebuilding the Industry: The Role of Securitization– drew a pretty full house. The general consensus is … Continue Reading
We’re looking forward to ABS East October 3-5. More than 2,200 attendees are expected to gather at the Fontainebleau Miami Beach to discuss current topics in securitization. Hot topics this year include Lessons from the Financial Crisis, Restoring Confidence and Rebuilding the Industry, the Role of Securitization in Revitalizing the Economy, Assessing the Changing Face … Continue Reading
The general theme of the American Securitization Forum Sunset Seminar held on Wednesday at Dechert’s NY office was the unintended consequences of the Dodd-Frank Act. Our largest conference room was packed with over a hundred securitization industry players all searching for the best predictions on the shape of the massive amount of regulations coming our … Continue Reading