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Fannie Mae

Buys home loans from lenders and guarantees them

Enterprise Legal - Associate General Counsel

Legal Counsel & Legal SupportConfirmed live in the last 24 hours
Full-timeWashington, DC, USA

About the Job

Requirements

  • A Juris Doctorate is required.
  • At least 8 years of relevant legal experience, including substantial experience with complex residential mortgage securitization or structured-finance transactions in the private-label securities market, GSE market, or a comparable mortgage capital markets environment.
  • Strong understanding of mortgage securitization transactions, including transaction structures, offering and disclosure documentation, applicable securities laws, and investor considerations.
  • Understanding of the cash-flow mechanics of underlying mortgage products and their relevance to mortgage securitization and servicing.
  • Ability to analyze complex legal and business issues, exercise sound judgment, and develop effective relationships with sophisticated business clients and multidisciplinary teams.

Responsibilities

  • Provide senior-level legal advice and counsel to Capital Markets clients, with primary support for Structured Transactions and Securitization Policy, on mortgage-related securitization activities, structured transactions, and related business initiatives.
  • Advise business clients on the structuring, development, execution, and ongoing operation of complex mortgage securitization and re-securitization transactions and programs, including legal issues involving transaction structures, securities disclosures, and applicable securities laws and regulations.
  • Provide legal advice regarding Fannie Mae's mortgage-backed securities programs and related disclosure obligations, including offering and disclosure documents, ongoing and event-driven disclosures and investor communications, and investor relations matters relating to securitization activities.
  • Advise Fannie Mae in connection with its derivatives and similar financial instruments used in structured finance or capital markets activities.
  • Counsel business and policy partners on complex or evolving securitization and servicing matters, assess legal and regulatory risks, and develop practical solutions that support business objectives.
  • Partner closely with Capital Markets and other legal, business, operations, policy, risk, and servicing stakeholders on transaction structures, policy initiatives, and evolving market or regulatory requirements.
  • Build effective relationships with sophisticated business clients and serve as a trusted legal advisor, applying sound legal and business judgment and translating complex legal and regulatory requirements into practical guidance.
  • Collaborate with attorneys across multiple legal disciplines and, as appropriate, with outside counsel on matters of significance to the company.

Desired Qualifications

  • Experience structuring, negotiating, documenting, or advising on complex residential mortgage securitization or re-securitization transactions, including private-label RMBS, GSE securitizations, collateralized mortgage obligations, or other structured mortgage products.
  • Experience advising on legal and regulatory issues arising in the ongoing operation of mortgage securitization programs or pools, including disclosure, servicing, and investor-related matters.
  • Familiarity with securities laws and regulations applicable to mortgage securitization and related disclosures, including, as applicable, Rule 10b-5, Regulation FD, Regulation AB, Regulation RR, Rule 192, and Rule 15Ga-1.
  • Experience counseling clients regarding new or complex transaction structures, securitization policy initiatives, or evolving legal and regulatory requirements affecting mortgage capital markets.
  • Familiarity with GSE securitization programs, policies, and disclosure practices; direct GSE experience is preferred but not required.
  • Experience with derivatives or other financial instruments used in structured-finance or capital-markets transactions, including familiarity with applicable CFTC regulatory requirements.

About the Company

Fannie Mae

Buys home loans from lenders and guarantees them

Fannie Mae buys single-family and multifamily mortgages from banks, credit unions and other lenders across the United States, giving those lenders cash to make more home loans. It does not lend to homebuyers directly; instead it pools most of the loans it buys into mortgage-backed securities and guarantees investors timely payment of principal and interest. Lenders deliver loans that meet its underwriting standards, often checked through its Desktop Underwriter system. The company earns guaranty fees on the securities it backs and interest income on loans held in its portfolio. Congress chartered it in 1938, it has operated under federal conservatorship since 2008, and it is headquartered in Washington, D.C.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Washington, DC
Founded
1938

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