Mortgage Lender Restructuring
- Client: National mortgage lender
- Date: Jan 22, 2010
- Location:
Summary:
Schiff Hardin represented a privately held national mortgage lender and its numerous affiliates in connection with the restructuring more than $1 billion of repurchase obligations, secured indebtedness and the underlying business.
Our work included full preparation of the companies for a possible complex Chapter 11 filing and asserting the lender's rights as against Lehman Brothers Holding Co. (a counterparty to certain repurchase agreements) following Lehman's bankruptcy filing.