Education
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Catholic University of America, Columbus School of Law, J.D., 1995
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Lafayette College, B.A., 1992
Bar Admissions
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District of Columbia
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Maryland
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As former in-house counsel for two national lender/servicing shops, most recently as SVP of legal and compliance at Sebring Capital Partners, Michael 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 at Sebring and also as associate general counsel for Centex Home Equity, 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.
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 the 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. Mr. Waldron has pursued and obtained state and federal licensing and approval requirements for lenders and servicers, including those related to stock and asset acquisitions.
In addition to overseeing all regulatory, transactional and litigation affairs, Mr. Waldron advised senior management on all legal and compliance issues affecting Sebring and was also responsible for the wind down of the company. While at Centex, 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 Centex’s Hurricane Task Force.
Before joining Patton Boggs, Mr. Waldron helped a Washington, DC-based firm establish its Dallas office with the sole purpose of efficiently and effectively servicing financial services clients in the mid-West and western part of the United States.
Representative Matters:
- Provided counsel on a scalable loan repurchase strategy to a company facing on-going repurchase demands.
- Represented client before HUD in response to Notice of Violation.
- Worked on-site at originator's offices for extended assignment assisting with compliance assessment and enhancements.
- Advised third-party service provider of regulatory hurdles associated with business model.
- Served as outside general counsel to a start-up home auction company with a national platform.
- Assisted a bank with an internal investigation regarding its lending practices, which included conducting interviews with the bank’s employees.
- Represented a national wholesale lender, as special counsel, regarding an orderly wind down of its affairs.
- Facilitated various lenders and servicers with their strategic initiatives to address current market conditions.
- Drafted loan modification agreements for a national servicer.
- Conducted due diligence of a national servicing shop for a potential acquirer.
- Facilitated the negotiations, structure and documenting of gift card agreements between a major international provider of third-party gift cards and participating professional sports teams.
- Championed an effective and efficient strategy for a start-up mortgage company looking to gain applicable state and federal licenses and approvals.
- Counseled individual on acquisition of 50 percent interest in existing brokerage operation.
- Advised entrepreneur on structure of a secondary market for tax lien loans.
- Used knowledge of new state and federal guidance to help an executive management’s initiative of revising best practices and policies.
Professional Affiliations:
- American Bar Association
- District of Columbia Bar Association
- Maryland Bar Association
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