Ballard Spahr LLP
Michael S. Waldron is Practice Leader of the firm's Mortgage Banking Group. As former in-house counsel for two national lender/servicing shops, most recently as SVP of legal and compliance, Mr. Waldron helps clients navigate transactional, regulatory, and litigation matters facing the financial services and mortgage banking industries today. With an insider’s perspective, he draws on his experience in-house to advise and represent mortgage companies, financial institutions, and secondary-market investors on the complexities of the current marketplace and to serve as outside general counsel for emerging market players in the consumer financial services space. Of late, Mr. Waldron’s practice has focused on repurchase issues, advising clients on issues stemming from the foreclosure documentation crisis and GSE reform.
Mr. Waldron has a wide breadth of knowledge in state and federal consumer lending-related laws and regulations, including the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (including FACTA), Home Mortgage Disclosure Act (HMDA), Uniform Deceptive Trade Practices Act (UDTPA), and Gramm-Leach-Bliley Act. He also has experience in structuring innovative and compliant mortgage-related programs, service arrangements, and promotional product programs. When it comes to Internet and traditional mortgage marketing, Mr. Waldron has evaluated these initiatives on behalf of clients for state and federal compliance. He has pursued and obtained state and federal licensing and approval requirements for lenders and servicers, including those related to stock and asset acquisitions.
In his most recent in-house experience, in addition to overseeing all regulatory, transactional, and litigation affairs, Mr. Waldron advised senior management on all legal and compliance issues affecting the company and was also responsible for the wind-down of the company. In his prior in-house experience, he supported various business channels, including direct sales, servicing, correspondent lending, IT, marketing, compliance, REO, and training by advising on general corporate law matters. He also specialized in negotiating and structuring strategic alliance initiatives, vendor contracts, document retention, destruction and safeguarding policies, Internet and traditional marketing initiatives, consumer complaints, and crisis management policies and procedures, including counsel to the company’s Hurricane Task Force.
Mr. Waldron is an editor of Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute, and co-author of its "Repurchase Demands and Mortgage Insurance Claims" and "Residential Mortgage Loan Basics" chapters.