Stites & Harbison's attorneys have extensive experience representing special servicers in connection with all areas of traditional and CMBS loan servicing. The attorneys in the firm's Creditors' Rights, Real Estate, and Capital Markets Practice groups have a collective depth of experience that allows us to handle a broad spectrum of services including complicated workouts, bankruptcies, and foreclosures.
In addition to our comprehensive loan servicing practice area, our firm’s well-established and comprehensive representation of CMBS originators makes us uniquely qualified to represent servicers in the CMBS industry.
Since 1998, Stites & Harbison's Capital Markets attorneys have closed more than 2,150 loans in 49 states, totaling over $20.5 billion in volume. Simply stated, we understand capital markets loan transactions.
Finally, we have a deep bench. Stites & Harbison has more than 50 attorneys, paralegals, mortgage loan processors, and support staff in three offices across the Southeast. Our team of lawyers and staff are responsive, experienced, deadline-oriented and trained to proactively spot issues and find creative solutions.
On August 12, 2020, the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) delivered a harsh blow to lenders and consumers in the residential mortgage market when they announced they would impose a .5% fee (i.e., a 1/2 “point” in mortgage finance parlance) on refinance mortgages purchased by Fannie Mae and Freddie Mac after September 1, 2020.
Recently, the Federal Reserve initiated a new commercial lending facility that has been promised for months, the Main Street Lending Program (“MSLP”), consisting of three new loan facilities: the New Loan Facility, Expanded Loan Facility and Priority Loan Facility.
LOUISVILLE, Ky.—The Greater Louisville Market of the March of Dimes has appointed Stites & Harbison, PLLC attorney Brian Bennett to its Board of Directors.
LOUISVILLE, Ky.—Stites & Harbison, PLLC recently elected three members to the firm’s six-member Management Committee, replacing three attorneys who completed their terms of service. The new committee members are attorneys Erika Barnes, Carol Dan Browning and Richard Wehrle.