Winston & Strawn Sponsors, Chris Gavin Speaks at IMN MBS Forum 2024

Winston & Strawn was a proud sponsor of the Invisso MBS Forum 2024, a specialized event focusing on high-quality educational content and networking opportunities for financial institutions and mortgage practitioners looking at the full potential of the U.S. mortgage market.

Chris Gavin, Co-Chair of Structured Finance and the Residential Mortgage Finance and Securitization Practices, spoke on the panel “Fund of One: Trends in Separately Managed Accounts” on Friday, May 10.

Partners Claudine Chen-Young and Michelle Abad were in attendance. 

Find key takeaways from Chris Gavin’s panel below.

Key Takeaways

• Separately Manages Accounts (SMAs) allow for more tailored liquidity, better oversight of vendors (such as the servicer), and a better understanding of how loans are performing, as compared to securitizations.
• SMAs provide increased transparency (i.e. a loan-level view into the portfolio) and customization. Transparency allows for a greater ability to analyze performance, better manage risk, and manage funding better.
• SMAs can require a longer timeframe to negotiate and establish. As such, it is imperative to address the main hurdles of getting a handle on state regulations and establishing internal buy-in upfront as early as possible.