Legal Blog

Offit Kurman Attorney Wayne Watkinson Quoted in Rob Chrisman’s Daily Mortgage News

Offit Kurman attorney, Wayne Watkinson Principal in the Financial Institutions Regulatory practice group, was quoted in Rob Chrisman’s Daily Mortgage News & Commentary blog on October 1, 2016. This blog is a prevalent and well-read blog in the mortgage industry and featured excerpts from Mr. Watkinson.

Letters from readers on lenders buying banks, regulators, risk-sharing, and on-line mortgage applications

Bank or non-bank, residential lenders live in a regulated world. And given the media, government, and consumer awareness of the financial industry, this facet of the business is not going away.

Addressing that, and specifically the differences between banks and non-banks, I received this note from Wayne Watkinson, Esq., a Principal with Offit Kurman.

“Although I agree that careful consideration should be given before acquiring a bank, and that (a lender buying a bank) is not a 'no brainer', the level of regulation of the lending activities of independent mortgage companies is substantial and should not be minimized..."

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Wayne WatkinsonWayneWatkinson_Lores is an attorney whose practice, since 1996, has concentrated on representing mortgage lenders and brokers and depositories in compliance, transactional, corporate and litigation matters. In addition, he assists clients in establishing mortgage companies, in obtaining mortgage banking licenses throughout the country, in preparing for and responding to state licensing examinations, and in defending administrative enforcement actions.




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