- LL.M., University of Illinois College of Law, 1989
- LL.B., University of New Brunswick, Canada, 1988
- B.B.A., University of New Brunswick, Canada, 1985
Colleen McDonald is a partner in the Finance and Bankruptcy Practice Group in the firm's San Francisco office.
Areas of Practice
Ms. McDonald's practice focuses on securitization, structured finance and commercial finance transactions. She advises bank and non-bank lenders regarding the acquisition and sale of a variety of assets primarily involving newly originated, seasoned and distressed residential mortgage loan pools, including conventional, government insured and jumbo mortgage loans, on both a servicing retained and servicing released basis, and also as to sales of mortgage servicing rights relating to residential mortgage loans. She also has experience in sales of loans to agencies and agency securitizations (agency swaps) and with warehouse arrangements for conventional, government insured and jumbo mortgage loans.
Ms. McDonald has advised sellers, servicers and investors regarding structuring, servicing and administering residential mortgage backed securities for both private securitizations and securitizations with Freddie Mac, Fannie Mae and Ginnie Mae. Ms. McDonald has securitized motor vehicle loans and leases (including titling trusts), equipment leases, credit cards receivables, trade receivables and consumer loans in both the United States and Canada.
Recently, she has advised mortgage servicers on a variety of mortgage servicing rights sale and mortgage sale securitization related issues such as interim servicing and servicing transfer provisions, loan modifications, the REMIC rules, documentation issues relating to judicial and non-judicial foreclosures and REO properties. In addition, she advises clients on the risk retention requirements under Dodd-Frank, the rules and requirements of the Consumer Financial Protection Bureau, and the Securities Exchange Commissions revisions applicable to the offering of publically issued asset-backed securities (“Regulation AB II”).
Ms. McDonald has represented underwriters and issuers in public offerings, private placements, asset-backed commercial paper programs, and medium-term note programs. In addition, she has advised a variety of investment banks, private equity funds and hedge funds in utilizing securitization in a number of financing transactions including acquisition financings.
In the structured finance area, she has represented both commercial lenders and corporate borrowers in a variety of secured lending transactions including loans secured by pools of mortgage loans and REO properties. Her experience includes asset-based lending arrangements such as charged-off receivables, copyrights, patents and royalties, film financings, and future-flow transactions. She also advises clients on distressed asset sales, restructuring and collateral dispositions, including stock dispositions.
- Represent mortgage loan originators with sales of pools of mortgage loans for newly originated private and agency insured mortgage loans.
- Represent sellers of mortgage servicing rights in concurrent and post-disposition servicing transfers of agency and non-agency owned mortgage loans.
- Represent lenders financing acquisition of pools of distressed residential mortgage loans.
- Represent sellers and interim servicers with mortgage servicing rights portfolio sales.
- Represent major financial institution as seller and servicer in Mortgage Loan Purchase and Servicing Agreements on servicing retained and servicing released sales.
- Represent mortgage loan originators in warehouse funding arrangements.
- Represent secured creditors in sales of loan collateral including Article 9 dispositions under the UCC.
- Represent issuers and underwriters in securitizations of motor vehicle leases and loans.
- Represent issuers in motor vehicle lease titling trust transactions.
- Represent U.S. Investors in Canadian auto and equipment backed notes.
- Represent investment bank in financing acquisition of portfolios of charged-off receivables.
- Represent credit card bank in multiple issuances of asset backed notes secured by credit card receivables (both term and variable facilities).
- Represent private equity investors and hedge funds in the acquisition of distressed loans, student loan residuals and mortgage pools.
- Represent lenders in a variety of trade receivables financings.
Financial Institutions Law Blog Posts
- "California Supreme Court Opens Door For Wrongful Foreclosure Lawsuits and Challenges to Transfers of Mortgages: Practical Implications and Options Moving Forward," March 1, 2016
Finance and Bankruptcy Law Blog Posts