Jonathan C. Wishnia is a Member of the firm's Corporate Department and its Mortgage Banking and Finance Practice Group. Mr. Wishnia is a capital markets attorney who advises on mortgage and structured finance matters, including the trading and financing of whole loans and servicing rights, the servicing of mortgage loans and the securitization of various asset classes. Mr. Wishnia also works in coordination with the Capital Markets Litigation Group, providing forensic analysis services in connection with litigation and restructuring matters relating to mortgage- and asset-backed securities, collateralized debt obligations, asset-backed commercial paper conduits, structured investment vehicles and derivatives. In addition, Mr. Wishnia counsels clients on secured and unsecured credit facilities, asset purchases and sales, mergers and acquisitions and other general corporate and finance matters. Mr. Wishnia speaks at securitization industry conferences domestically and in Europe, and regularly appears in the media on topics impacting the global securitization markets.
Some of Mr. Wishnia’s recent representative corporate matters include:
- Counseling financial institutions, master servicers and servicers in connection with existing securitization and whole loan rights and obligations, as well as the acquisition or disposition of mortgage servicing rights and servicing portfolios.
- Counseling an investment management company in connection with the proposed acquisition of interests in student loan-collateralized securities.
- Counseling an investment management company in connection with the renewal of a principal-protected notes platform.
- Counseling investment management companies in connection with the potential acquisition of assets from the FDIC, including pursuant to the Legacy Loans program.
- Counseling an advisory group in connection with a variety of mortgage-related consulting engagements.
Some of Mr. Wishnia's cross-disciplinary counsel has recently included the representation of:
- A European bank in connection with the dismissal of a $1.875 billion claim brought in New York by financial guarantor FGIC relating to loss protection on an asset-backed commercial paper conduit involving a complex array of puts, credit default swaps, commitment agreements and underlying CDO assets.
- A European bank in connection with the defense of claims made by bondholders of a previously liquidated Irish structured investment vehicle.
- An investment management company with more than $9 billion of assets under management in connection with its claims as a CDO noteholder in an ongoing litigation alleging improper use of derivative transactions.
- An insolvent mortgage loan originator and servicer in connection with the disposition of assets pursuant to Chapter 11 of the Bankruptcy Code.
- A distressed consumer receivables portfolio company in connection with the restructuring of its asset-based lending facility and a securitization vehicle.
Mr. Wishnia’s representative clients include investment managers and management companies, fund organizations and portfolio companies, investment and commercial banks, consulting firms, financial institutions, broker/dealers, mortgage servicers and originators and nonprofit foundations. Prior to joining Lowenstein Sandler, Mr. Wishnia served as an associate in the Structured Finance Group at Stroock & Stroock & Lavan LLP in New York. He was a member of the Group in 2005 when it was nominated for "Law Firm of the Year" by Securitization News.