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North America - United States • Finance

Dentons

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Dentons advises a wide range of clients, such as issuers, underwriters, investors, lenders and originators, on all manner of securitization matters. The firm’s MBS practice is notable in particular, covering the gamut, from RMBS to CMBS. It is also well-versed in securitizations of non-qualified mortgage loans, non-performing and re-performing loans, as well as SDR properties. Stephen Kudenholdt heads the practice whilst focusing his own work on RMBS and other ABS types for issuers, underwriters and loan sellers. Fellow head Erik Klingenberg further compounds the RMBS work, with experience in work connected to CMBS and other structured products also. Scott Swerdloff adds insight into public and private resecuritizations to the firm’s repertoire, while Robert Olin is noted for his MBS work, including assisting in the sale, servicing and purchase of whole loan mortgages. In March 2023, both Jessica Rebarber and Victoria Lee, whose expertise includes credit facilities secured by SFR and residential mortgage loans, were promoted to partner. All lawyers mentioned practice out of New York.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The Dentons team is professional, knowledgeable, and reliable for residential mortgage securitization transactions.'

Key clients

  • Coventry Building Society
  • Atlas SP Partners
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated
  • JP Morgan
  • Cantor Fitzgerald & Co.
  • Rithm Capital Corp. (formerly NRZ)
  • Nomura Securities International, Inc.,
  • Figure Funding LLC
  • Blackstone Residential Operating Partnership LP
  • Barclays
  • Deutsche Bank
  • Morgan Stanley
  • Goldman, Sachs & Co.
  • Federal Deposit Insurance Corporation
  • Wells Fargo Securities
  • Invictus Capital Partners
  • Change Lending LLC

Work highlights

  • Assisted in the issuance of US$50 billion of Class A senior notes by FDIC 2023-G1 Trust and the sale of those notes to the US Treasury’s Federal Financing Bank.
  • Assisted in a US$2 billion+ repurchase facility to finance the acquisition of the Credit Suisse Securitized Products Group (SPG) by the Apollo Group in December 2022.
  • Assisted in a securitization program for home equity investment agreements, including Unlock HEA Trust 2023-1, the first rated securitization for the HEA asset class.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Stephen Kudenholdt, Erik Klingenberg