Richard D. Simonds Jr.

Partner

Richard Simonds is a member of SNR Denton’s Capital Markets practice focusing on the representation of issuers and underwriters of mortgage- and asset-backed pass-through and debt securities. These securities are issued in public and private transactions using a wide variety of credit supports and multiple class structures. Asset types include primarily residential, multifamily and small balance commercial mortgage loans. In addition, he has experience in resecuritization of securities held by banks and other financial institutions.

Richard was formerly with the law firm of Thacher Proffitt and Wood LLP. 

Publications

• "Recent Developments in Mortgage Servicing Rights," SNR Denton client alert, February 14, 2012
• "REO Sales for Rental To Hit the Market in Force," SNR Denton client alert, February 13, 2012
• "Uncertainty on REITs Stalls Housing Market," American Banker, September 15, 2011
• “Resecuritization is an Option for an MBS Revival,” American Banker, May 27, 2009
• “Summary and Analysis of the Public-Private Investment Program,” Thomson Financial, Apr. 24, 2009
• "FDIC Board Approves Final Covered Bond Policy Statement," Journal of Bankruptcy Law, October 1, 2008
• "Covered Bonds? In Tandem with Securitization," American Banker, September 12, 2008
• "Covered Bonds: Understanding the Treasury's Best Practices," Securities Litigation and Regulation, Thomson Reuters/West, September 9, 2008
• “Covered Bonds: Understanding the Treasury's Best Practices,” Thacher Proffitt Structured Finance Notes, August 12, 2008
• “Update: FDIC Board Approves Final Covered Bond Policy Statement,” Thacher Proffitt Banking and Finance Bulletin, July 28, 2008
• "FDIC Action May Open the Door to Further Development of the Covered Bond Market," The Banking Law Journal, July 1, 2008
• "Distressed Assets Notes: Distressed Residential Mortgage Loans and RMBS: Navigating Risk When Purchasing and Selling Portfolios", May 28, 2008
• “FDIC Action May Open the Door to Further Development of the Covered Bond Market,” Thacher Proffitt Banking and Finance Bulletin, April 25, 2008

Presentations

• "Relative Value of Alternative Mortgage Products: Reverse Mortgages and Other Products," IMN's 2008 ABS East Conference, Hollywood, FL, October 20, 2008
• "Future of Mortgage Financing," Practising Law Institute, Subprime Institute 2008, New York, NY, September 23, 2008
• "Restoring Confidence in the Private Label Market," MBA's National Secondary Market Conference and Expo, Boston, MA, May 7, 2008
• "The Subprime Meltdown," UNC Banking Institute, Chapel Hill, NC, April 3, 2008
• "Navigating the Storm: Banks, Mortgage Loans and Securitization," Webinar hosted by Thacher Proffitt, New York, NY, November 1, 2007
• "Recent Developments in Reverse Mortgages," Webinar hosted by Thacher Proffitt, New York, March 1, 2007.
• "Gotta Wear SOX! Sarbanes Oxley," 2006 RiskSummit, Carlsbad, CA, August 1, 2006
• "Securitization for the Mortgage Industry," EEI Conference's Accounting Issues for the Mortgage Industry, Chicago, IL, June 13, 2006
• "Reg AB: Has It Increased Investor Transparency?" MBA National Secondary Market Conference, Chicago, IL, May 7-10, 2006
• "Securitization 101 - Introduction to Securitization," ASF 2006, Las Vegas, NV, January 29, 2006
• "The Use of Securitization by REITs and the Implications of Mortgage Companies Converting to REITs,” 2005 ABS East, Boca Raton, FL, September 15, 2005
• "'Scratch and Dent' Mortgage ABS: An Overview of Re-Performing and Sub-Performing Mortgage Loan Securitization," 2005 ABS West, Phoenix, AZ, February 9, 2005
• "Securitization Mechanics," ASF 2005, Scottsdale, AZ, January 23, 2005

Richard has spoken at the annual American Bar Association convention on issues related to structured finance and published an article based on his presentation. He has also spoken at other industry conferences and, in 2003, addressed the benefits of securitization before congressional staffers as part of the American Securitization Forum's Securitization Institute.

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