Amy McDaniel Williams

Amy is a seasoned structured finance lawyer who has represented both borrowers and lenders in structuring and closing asset-based finance transactions involving a variety of assets, including residential and commercial loans, servicing advances, servicing rights, RMBS and CMBS.

She has represented Ginnie Mae since she helped develop its multiclass program in the early 1990s. She assists a variety of clients in transactions involving government-insured loans and the GSEs, including warehouse financings, early buy-out (EBO) transactions and MSR financings. She advises clients on current issues such as the Corporate Transparency Act, as well as issues transforming the industry, such as eNotes.

According to Chambers USA, Amy is a valued resource in the world of high-stakes securitizations. Her clients describe her as an “able and smart lawyer” with “an excellent reputation” who “doesn’t get rattled and stays calm in stressful situations.”

Amy is also a trusted adviser on Investment Company Act of 1940 (1940 Act) status questions for many companies, including, in particular, REITs and other specialty finance companies, especially in connection with securities offerings and financings. She regularly advises on the applicability of various 1940 Act exceptions and exemptions relevant to the definition of “covered fund” under the Volcker Rule.

Amy is chair of the firm’s opinion committee and ethics in marketing committee.

Relevant Experience

• Represented Ginnie Mae in the development of its government guaranteed multiclass securities program, and regularly represents Ginnie Mae in the issuance of securities pursuant to the program and in enhancements to the program.
• Represents borrowers and lenders in MSR and servicer advance financings (SAFs).
• Represents financial institutions in mortgage warehouse facilities, including repurchase facilities, early buy-out facilities and gestation facilities.
• Represents issuers, underwriters, servicers and trustees in securitizations of virtually all mortgage loan types, including residential mortgages (first and junior liens), home equity loans, high LTV loans, home improvement loans, FHA Title I loans, manufactured housing contracts, nonperforming and reperforming government-insured loans and commercial mortgage loans.
• Represents bank-sponsored asset-backed commercial paper conduits in transactions involving trade receivables, credit card receivables, mortgage loans and equipment leases, and in ABCP programs.
• Represents companies in connection with sales of receivables, insurance products, commercial mortgage loans, privately placed securities and other assets to ABCP conduits.