The law firm Ballard Spahr has created a mortgage banking group as part of its consumer financial services group.
Partners Richard J. Andreano Jr., John D. Socknat and Michael S. Waldron will serve as practice leaders for the new group. Along with associate Reid F. Herlihy, they come to Ballard Spahr from the Washington, D.C., office of Patton Boggs. The four lawyers also served as editors and co-authors for ‘Mortgage Finance Regulation Answer Book 2011-2012,’ published by the Practising Law Institute.
According to the law firm, the incoming attorneys will lead a team that performs a broad range of regulatory work, advising mortgage companies and other financial firms on compliance and licensing issues, structuring operations, and representing clients in federal and state enforcement actions. They also advise clients on issues such as e-commerce, electronic signatures and electronic records storage.