January 12, 2024
Hunton Andrews Kurth LLP is pleased to announce that its structured finance practice posted impressive results in Asset-Backed Alert’s end-of-year 2023 league tables. The rankings represent the top-performing legal advisors based on the volume of asset-backed securities (ABS) and mortgage-backed securities (MBS) offerings completed during 2023.
Hunton Andrews Kurth maintained its second place ranking among firms representing issuers on U.S. ABS and MBS securitizations, having advised issuers on 62 deals with a total issuance value of approximately $20 billion during 2023. The firm also ranked third among the most active underwriters’ counsel for U.S. ABS and MBS securitizations, having advised on 74 deals with a total issuance value of more than $26 billion during 2023.
Hunton Andrews Kurth’s structured finance and securitization practice is at the vanguard of the development of securitization and structured finance techniques, having represented the issuer and initial purchaser in connection with the development and execution of first-of-its-kind HELOC securitization program; the issuer of the first REMIC program backed by the full faith and credit of the United States; the first auto loan synthetic securitization transaction; the first RMBS structure involving the issuance of floating-rate securities; the first securitization of re-performing FHA and VA loans; the first master trust servicer advance securitization structure in 2002; the groundbreaking first GSE/Agency credit risk transfer issuances in 2013; the first securitization of a proprietary reverse product in 2019; and most recently the development of the master trust recourse securitization structure for mortgage servicing rights, combining term ABS notes and revolving lines of credit.