James A. Brodsky
Contacts
Jim, a law firm founding member, advises clients throughout the nation on strategic business initiatives, federal compliance and regulatory matters, mergers and acquisitions, asset purchases and sales, and secondary mortgage market transactions. As a former HUD Deputy Assistant Secretary, he has deep experience in FHA and Ginnie Mae (as well as Fannie Mae and Freddie Mac) requirements, issues and opportunities, and also is outside General Counsel of the National Reverse Mortgage Lenders Association.
Jim served as a Director (and as initial Lead Director and as Chair of the Compensation Committee) of MFA Financial, Inc., a multi-billion dollar NYSE-listed REIT that invests, on a leveraged basis, in residential mortgage financial assets and that is the owner of Lima One Capital.
Jim also served as a Director of Enterprise Community Development, among the nation’s largest affordable housing developers and community owners with well over a billion dollars of investments in more than 10,000 apartment homes in over 100 communities in four mid-Atlantic states and the District of Columbia.
Jim also was the Chairman of the Housing Opportunities Commission–the Montgomery County, Maryland housing finance agency that has issued over a billion dollars of mortgage revenue bonds and serves as the County’s public housing authority and owner/operator of affordable housing communities and touches the lives of over 20,000 County residents.
Practice Areas
- Investigation and Enforcement
- Licensing & Approvals
- Regulatory Compliance
- Federal Regulatory Compliance
- State Regulatory Compliance
- Transactional and Corporate
- Mergers and Acquisitions
- Corporate Governance
Education
- Georgetown University Law Center, J.D., 1972
- Columbia University, M.S.E.E., 1968
- Cornell University, B.S., 1967
Admissions
- District of Columbia
Representative Matters
- Structured, negotiated, documented, and secured regulatory approvals in connection with complex residential mortgage company mergers and acquisitions
- Resolved regulatory and compliance issues with multiple state and federal mortgage and banking regulators
- Developed sophisticated arrangements among real estate settlement service providers, including but not limited to residential mortgage lenders, servicers, sub-servicers, and investors (public and private), in compliance with applicable federal and state regulatory requirements
- Structured flow and whole loan purchase and sale, and investment and loan, transactions
- Advised national industry trade associations on full range of activities, including participating in regulatory, legislative, and public affairs initiatives, developing and guiding complex industry ethics and compliance programs, and fashioning modern membership requirements
- Led multiple Boards (for profit and non-profit) in the residential real estate development and community building and mortgage finance arenas, particularly with respect to strategic and succession planning, risk and opportunity assessments, and governance matters
Publications
- Co-author, The Reverse Mortgage Practical Guide (AllRegs 2007)
- Contributing Author, Secondary Market Residential Mortgage Transactions (A.S. Pratt & Sons)
- Consulting Editor, Mortgage Lending Compliance Alert (Eli Research)