Bruce Hurwitz
Principal
With over 20 years in the securitization field, Mr. Hurwitz brings a wealth of knowledge and experience to clients looking for analysis of the investments in securitization structures. Given the current state of securitization structures, and the changes in the law that are currently being developed, SASA was established to help the securitization investor.
Mr. Hurwitz's career has covered representation of major financial institutions in the securitization and structured finance field, both as outside counsel for the preeminent Wall Street law firms handling securitizations and as chief in-house counsel for banks and finance companies. Mr. Hurwitz has been lead in-house counsel on securitization transactions for the country's most prominent finance company (The Money Store), senior legal advisor on securitization structures to the nation's foremost bank (First Union/Wachovia) and chief lawyer for all securitization for the 4th largest sub-prime mortgage originator in the country (Fremont Investment & Loan).
Because if Mr. Hurwitz's in-depth knowledge of securitization structures of various asset classes, SASA is able to provide research, analysis and tactical counseling on residential MBS, commercial MBS, student loan securitizations, retail auto securitizations, floor plan financing securitizations, and esoteric securitizations (e.g. - timber receivables).
Services provided to clients include: "Mapping and Tracking" originator, depositor, servicer and trustee contractual obligations and performance; due diligence and document production management and review; Six sigma performance analysis; and tactical litigation support.
Curriculum Vitae
Fremont General Corporation - Santa Monica, CA
Vice President and Deputy General Counsel - 2007 to 2009
Fremont Reorganizing Corporation (f/k/a Fremont Investment & Loan) - Brea, CA
Senior Vice President and Deputy General Counsel - 2005 to 2009
· Chief legal counsel to banking subsidiary on all capital markets transactions. Average monthly Capital Markets transactions +$3B. Lead in-house negotiator for servicing division with respect to workouts, modifications, bankruptcy and collections for securitization owners. Primary legal counsel to investor reporting department.
McDonough Holland & Allen - Sacramento, CA
Of Counsel - 2002 to 2005
· Represented regional bank on establishing a national mortgage banking business with respect to both licensing and compliance.
Wachovia Corp/First Union Corp/The Money Store - Sacramento, CA
Managing Attorney and Senior Vice President - 1998 to 2002
Senior Corporate Counsel and Vice President - 1997 to 1998
· Head of divisional legal department and member of senior management of division formerly The Money Store, Inc. Chief in-house counsel for all capital markets/securitization transactions (residential mortgage lending, commercial/SBA lending, student lending and auto lending). Structured, established and represented spin-off of mortgage servicing platform (HomEq) following acquisition.
Sidley Austin Brown & Wood LLP (Brown & Wood) - New York, NY
Senior Associate - 1994 - 1997
· Senior associate responsible for managing documentation and legal aspects for a variety of asset-backed securitization transactions including CLOs and CBOs.
Thacher Proffitt & Wood - New York, NY
Senior Associate - 1992 – 1994
· Outside legal counsel representing various issuers and underwriters of mortgage-backed and asset-backed securities and mortgage whole loan transactions.
Cahill Gordon & Reindel - New York, NY
Mid-level Associate - 1989 – 1992
· Associate attorney responsible for drafting and negotiating documents relating to public and private equity and debt transactions, including high yield (junk bond) securities issuances for Drexel Burnham Lambert.
Botein Hays & Sklar (firm dissolved 1989) - New York, NY
Junior Associate - 1987 – 1989
· Corporate associate providing legal work relating to corporate acquisitions and public and private equity offerings.
ADMISSIONS, AFFILIATIONS & ENGAGEMENTS
Admitted to Practice:
o New York - 1987
o California - 2003
Memberships:
o American Securitization Forum
o American Bar Association (Business Law Group)
o California Mortgage Bankers Association
Speaker/Presenter:
o Regulation AB – 2005
o Sarbanes-Oxley Act of 2002 - 2002
o Gramm-Leach-Bliley Act - 2002
o Predatory Lending – 2002
