In the News June 28, 2013

Alston & Bird Continues Capital Markets Expansion

Alston & Bird  announced today the addition of a counsel to the firm’s capital markets practice in Washington, D.C.  R. Colgate Selden, formerly of the Consumer Financial Protection Bureau, arrives on the heels of six other capital markets partners who joined the firm in May 2013.

Mr. Selden counsels clients on the full array of federal and state mortgage banking, consumer credit and ancillary services regulatory issues. While at the Consumer Financial Protection Bureau’s Office of Regulations, he developed and drafted Loan Originator Compensation, TILA-RESPA Integrated Disclosure, HELOC and AMTPA guidance and rules, and ATR/QM rule revisions. He also developed policy for interrelationships between Loan Originator Compensation, ATR/QM and HOEPA Rules. Additionally, Colgate led the teams responsible for developing policy and issuing guidance for TILA Mortgage and FDCPA inquiries received by the Bureau. He was also a senior member of the policy and guidance teams for RESPA and Regulation P.

“We are very pleased to have Colgate Selden join the firm. His arrival rounds out the latest expansion of our capital markets practice, mostly notably in our New York office,” stated Richard Hays, managing partner of Alston & Bird. “We now have in place one of the nation’s deepest teams in the debt capital markets arena.”

Alston & Bird is a national leader in real estate capital formation and capital markets transactions. We are consistently ranked among the nation's leading law firms for work in the real estate capital markets sector. With team members in Atlanta, Charlotte, Dallas, Los Angeles, New York and Washington D.C., we put our deep bench into play to lead transactions across the country.

Colgate joins partners Steve Ornstein and Scott Samlin, focusing on federal and state regulatory compliance for residential mortgages and consumer finance. Their expertise spans the range of asset classes, including residential and commercial mortgage loans, and they regularly counsel national mortgage lenders, servicers and secondary market issuers.

Stephen Ornstein, based in Washington, D.C., is one of the country’s leading authorities on federal and state regulation of real estate, as well as residential and commercial mortgage finance. He counsels national mortgage companies, mortgage insurers, financial institutions and others in complying with mortgage and consumer lending regulations.

Scott Samlin, based in New York, works with Steve Ornstein in counseling national mortgage companies, mortgage insurers and other financial institutions regarding compliance issues such as RESPA, Truth In Lending, and Equal Credit Opportunity issues, among others. He is the former executive director for the residential mortgage and lending compliance business at Morgan Stanley, where he helped oversee the operations of Morgan’s whole loan trading desk and its affiliated mortgage loan servicer, Saxon.
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