Alexander Radisich

Senior Associate

Los Angeles

aradisich@orrick.com

Read full biography at www.orrick.com

Alex Radisich, a Senior Associate in Orrick’s Los Angeles office, is a member of the firm’s Structured Finance and Banking and Finance Groups.

Alex represents a variety of market participants, including issuers, sponsors, underwriters, servicers, loan sellers and purchasers in connection with securitizations, asset-backed financings and asset acquisitions and sales. Alex has experience working with a wide range of asset classes, including agency and non-agency forward and reverse residential mortgage loans, fix-and-flip loans, servicing rights and advances, consumer loans, student loans and non-performing loans.  

Alex also has experience advising clients on securitization and servicing issues in the bankruptcy context. Alex represented Ditech Holding Corporation, one of the nation’s largest mortgage servicers, as special securitization counsel in connection with its bankruptcy proceedings. In this role, Alex negotiated the terms for the sale of Ditech’s portfolio of agency and non-agency forward mortgage servicing rights and mortgage loans and advised on various securitization and servicing issues that arose with securitization trustees and federal agencies.

During law school, Alex served as a judicial extern to the Honorable Judge Harry Pregerson of the United States Court of Appeals for the Ninth Circuit, and as a law clerk on the Senate Judiciary Committee for Senator Dianne Feinstein.

Posts by: Alexander Radisich

Rating Agency Developments

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On May 10, 2017, DBRS published its general corporate rating methodology. Report.

On May 10, 2017, DBRS published its methodology for rating companies in the capital goods dealership industry. Report.

On May 10, 2017, DBRS published its criteria for evaluating corporate governance. Report.

On May 10, 2017, Moody’s published its ratings methodology for assessing companies in the independent exploration and production industry. Report.

On May 9, 2017, DBRS published an update to its master surveillance methodology for reviewing its ratings of Canadian structured finance and covered bond transactions. Report.

On May 9, 2017, Moody’s published its ratings methodology for assessing companies in the global surface transportation and logistics industry. Report.

On May 9, 2017, Moody’s published an update to its ratings methodology regarding its approach to pre-refunded and escrow-backed bonds. Report.

On May 8, 2017, DBRS published its methodology for rating Canadian public pension funds and related exclusive asset managers. Report.

On May 5, 2017, DBRS published its methodology for rating credit funds. Report.

On May 5, 2017, Moody’s published its ratings methodology for assessing companies in the global oilfield services industry. Report.

OCC Provides Additional Details to Evaluate Charter Applications From fintech Companies

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On March 15, 2017, the Office of the Comptroller of the Currency (“OCC“) issued a “Draft Licensing Manual Supplement for Evaluating Charter Applications from Financial Technology Companies,” which provides additional details on the evaluation of national bank charter applications from financial technology (“fintech“) companies that engage in the business of banking. The supplement explains how the OCC will apply the licensing standards and requirements in existing regulations and policies to fintech companies applying for special purpose national bank charters. The supplement also describes unique factors that the agency will consider in evaluating applications from fintech companies; expectations for promoting fair access, fair treatment and financial inclusion; and the agency’s approach to supervising those fintech companies that become national banks. Release. Manual Supplement.

Nationstar Mortgage to Pay $1.75 Million Penalty for HMDA Violations

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On March 15, 2017, the Consumer Financial Protection Bureau (“CFPB“) ordered Nationstar Mortgage LLC (“Nationstar“) to pay a $1.75 million civil penalty for violating the Home Mortgage Disclosure Act (“HMDA“) by consistently failing to accurately report data about mortgage transactions between 2012 through 2014. The $1.75 million civil penalty is the largest HMDA penalty imposed by the CFPB to date. The CFPB found that (1) Nationstar’s HMDA compliance systems were flawed and generated mortgage lending data with significant, preventable errors; (2) Nationstar failed to maintain detailed HMDA data collection and validation procedures and failed to implement adequate compliance procedures; and (3) Nationstar failed to consistently define data among its various lines of business. In addition to the civil penalty, the CFPB ordered Nationstar to develop and implement an effective compliance management system and to review, correct and make available its corrected HMDA data from 2012-2014. Release. Full Order.

Rating Agency Developments

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On March 16, 2017, DBRS issued a report entitled General Corporate Methodology. Report.

On March 16, 2017, DBRS issued a report entitled North American Single-Asset/Single-Borrower Methodology. Report.

On March 16, 2017, Fitch issued a report entitled U.S. Auto ABS Quarterly Index Report. Report.

On March 16, 2017, Moody’s issued a report entitled Global Alcoholic Beverage Industry. Report.

On March 16, 2017, Moody’s issued a report entitled Regulated Electric and Gas Networks. Report.

On March 15, 2017, DBRS issued a report entitled Rating North American CMBS Interest-Only Certificates. Report.

On March 10, 2017, Fitch issued a report entitled Criteria for Analyzing Large Loans in CMBS. Report.

On March 10, 2017, Fitch issued a report entitled Global Non-Bank Financial Institutions Rating Criteria. Report.

On March 10, 2017, Moody’s issued a report entitled Financial Guarantors. Report.

On March 8, 2017, Fitch issued a report entitled Updated U.S. Auto Lease ABS Rating Criteria. Release.