Two Washington businesses have formed an alliance to work together in order to help clients with legal matters relating to the mortgage banking industry.
The Collingwood Group LLC, a business advisory group in the financial services industry, and Patton Boggs LLP, a law firm that deals with legal, regulatory and policy issues facing the mortgage industry, agreed to combine their knowledge of both firms.
“This collaborative effort represents the first of its kind in the mortgage banking industry, bringing together thought leaders on housing and real estate finance with leading legal minds that specialize in these areas,” said Joe Murin, former president and CEO of Ginnie Mae who is now the chairman of The Collingwood Group.
In working together, the firms will provide clients with an unprecedented approach to navigating through industry hurdles, on both the legal and operational sides. The partnership allows both firms to pursue joint projects in order to benefit a client’s specific needs.
Patton Boggs, led by partners Richard Andreano, John Socknat and Michael Waldron, has worked with Congress and regulatory agencies on events impacting the mortgage industry, including Dodd-Frank and other major rulemaking efforts by the Fed, HUD and the Consumer Financial Protection Bureau.
Murin and Brian Montgomery, the former assistant secretary for Housing and Federal Housing Administration commissioner, are two of the co-founders of the firm. The two firms, which will remain independent of one another, will meet regularly to discuss client-focused written materials, events and media outreach.
