Chris Witeck represents financial services entities in negotiating a wide variety of corporate transactions, including company M&A, asset purchases, and critical vendor and other third-party relationships. His clients include banks, mortgage companies and servicers, marketplace and other lenders, fintech and emerging payments providers, and other business entities in the financial services industry.
Mr. Witeck has an active financial services mergers and acquisition practice, focusing on transactions that involve regulatory risks and concerns or novel structures at the forefront of industry trends. He also represents buyers and sellers of mortgage loans and other consumer lending assets, including interests such as mortgage servicing rights. He regularly negotiates many varieties of servicing and subservicing contracts.
Mr. Witeck advises clients on outsourcing, joint venture, and bank partner agreements, particularly in the fintech and e-commerce arena, providing years of experience addressing “true lender” issues. He also advises clients on loan repurchase and indemnity matters as well as corporate governance and compliance matters.
His regulatory practice focuses on advising lenders and servicers on matters involving the Real Estate Settlement Procedures Act (RESPA), including affiliated business arrangements, portfolio retention transactions, and vendor management issues. He is also a leading counselor to loan sellers on Regulation AB requirements.
Representative transactions include assisting:
- A federal savings bank in the sale of a default mortgage servicing platform and a related agreement for the purchaser to subservice the bank’s defaulted loans
- Buyers and sellers of mortgage (both originators and servicers) and other financial services and fintech companies in stock and asset acquisitions, including fintech companies in the payments and regulatory compliance businesses
- A well-funded joint venture to structure and launch a mobile wallet and related e-commerce initiatives
- A mortgage servicer in a private-label component subservicing agreement to address a regulatory prohibition on default servicing, including related regulatory and corporate diligence
- A major Wall Street wealth management concern in a private-label mortgage origination and servicing transaction
- Buyers and sellers of mortgage loans and servicing rights, including through correspondent and other channels, with aggregate principal balances in the hundreds of billions of dollars
- Lenders in the formation of joint ventures with title insurers, real estate agents, and home builders
Before attending law school, Mr. Witeck worked at the U.S. Department of State. Mr. Witeck received his J.D. from Georgetown University and his B.A. from the University of Virginia. He is a Partner in the firm’s Washington, DC office and a member of the firm’s Executive Committee.
Valerie Hletko, Jon Langlois, Jeffrey Naimon, and Christopher Witeck spoke at the Buckley Sandler CFPB Today 2015 conference on Monday, October 26, 2015 in Washington, DC. Their panel was titled “Vendor Management in 2015.”Speaking Engagement
Buckley Sandler was a sponsor of the Mortgage Bankers Association’s Regulatory Compliance Conference which took place September 29 – October 1, 2013 in Washington, DC. Christopher Witeck spoke on the "Addressing Repurchases in the New Rep and Warrant Model" panel on September 30, which analyzed the...Speaking Engagement
Christopher Witeck and Jeffrey Naimon spoke at the Mortgage Bankers Association Independent Mortgage Bankers Conference 2013 in Miami, FL. Mr. Witeck spoke at the Warehouse Lender Forum. Mr. Naimon's panel was titled “Opportunities Outside the Safe Harbor” panel and the “Countdown: Operationalizing...Speaking Engagement
David Baris and Christopher M. Witeck Quoted in Bloomberg BNA Article, “Bank M&A Stagnates Despite Trump Push to Deregulate Industry”
David Baris and Christopher M. Witeck were quoted on September 28, 2017 in a Bloomberg BNA article, “Bank M&A Stagnates Despite Trump Push to Deregulate Industry,” which noted that there has not been an increase in bank mergers and acquisitions despite President Trump’s push to deregulate the...In The News
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Special Alert: Federal Reserve Board Guidance on Managing Outsourcing Risks Mirrors Recent OCC Guidance
On December 5, 2013, the Federal Reserve Board (FRB or the Fed) issued Supervision and Regulation Letter 13-19 , which details and attaches the Fed’s Guidance on Managing Outsourcing Risk (FRB Guidance). The FRB Guidance sets forth risks arising out of the use of service providers and the...Articles
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