Janet Sadler McCrae

As counsel to both banks and issuers, Janet understands the business needs driving financial transactions and the relevant legal context that applies to them. Her broad outlook enables her to advise clients comprehensively with the most productive solutions in mind. Janet assists clients with offered transactions relating to a diverse base of assets, including residential mortgage loans (primarily in the reverse space), synthetic credit risk transfer, servicing advances, and other service-related collateral. She also advises clients on financings and bilateral transactions across a wide spectrum of structures and assets, including mortgage servicing rights and excess servicing spread. This breadth of experience allows her to help clients act quickly on market opportunities and innovate new structures in response to investor demand.

Janet is committed to pro bono representation for indigent and underserved clients. She volunteers at the Mobile Legal Help Clinic with the New York Legal Assistance Group and has served as pro bono counsel with the City Bar Justice Center’s clinic at a shelter that aids unhoused mothers and children. In addition, Janet is the firm’s New York hiring partner.  

• Represented dealers and initial purchasers in credit risk transfer transactions with respect to government-sponsored enterprise (GSE) products as well as private mortgage insurer risk transfer.
• Represented initial purchasers and issuers in securitizations of nonperforming
  and performing HECM and proprietary reverse mortgage loans.
• Represented issuers and initial purchasers in securitizations of nonperforming, reperforming, performing, and insured forward residential mortgage loans.
• Represented initial purchasers and placement agents in issuances of term and revolving asset-backed securities collateralized by servicer advance receivables.
• Represented investment banks in connection with term, revolving, and bilateral financing of GSE mortgage servicing rights.
• Represented servicers of mortgage loans with respect to all facets of their business, including acquisitions and sales of servicing rights and loans, financing servicer advance receivables and servicing rights through structured facilities and traditional credit facilities.
• Represented borrowers and lenders with respect to the financing of residential mortgage loans, servicing rights, servicer advances, and residential and commercial mortgage-backed securities.

• Recommended for Structured Finance: Securitization, Legal 500 United States, 2019-2020, 2024
• Named a Rising Star, Law360, 2019
• Received E. Randolph Williams Award for Outstanding Pro Bono Service, 2008-2009 and 2010-2011