FacultyFaculty/Author Profile

Richard J. Andreano, Jr.

Ballard Spahr LLP
Partner
Washington, DC, USA


Richard J. Andreano, Jr., is a partner in the Business and Finance Department, Practice Leader of the Mortgage Banking Group, and a member of the Consumer Financial Services and Privacy and Data Security Groups. He has devoted more than 25 years of practice to financial services, mortgage banking, and consumer finance law.

Mr. Andreano advises lenders, brokers, home builders, title companies, real estate professionals, and other settlement providers on regulatory compliance and transactional matters, Federal Housing Administration (FHA) issues, and administrative enforcement actions and investigations. He also works with litigation counsel on devising strategies for defense of class action and other lawsuits involving regulatory claims.

Mr. Andreano counsels settlement service providers on issues concerning the Dodd-Frank Wall Street Reform and Consumer Protection Act, Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Housing Act, Fair Credit Reporting Act (including FACTA), Home Mortgage Disclosure Act (HMDA), and Gramm-Leach-Bliley Act. He assists clients with regulatory issues relating to loan originator compensation, disclosures, servicing, the liquidation of distressed loan portfolios, affiliated business and service arrangements, and incentive arrangements. Mr. Andreano previously served as an analyst for the National Association of Securities Dealers.

Mr. Andreano is Editor-in-Chief of Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; author of its chapters on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act; and co-author of its Equal Credit Opportunity Act and Truth in Lending Act chapters.

Representative Matters

  • Providing legal counsel in review of a servicer's compliance with an OCC Consent Order related to foreclosure practices
  • Aided in the creation, revision, and implementation of loan originator compensation policies
  • Aided in the development and operations of fee-for-services, joint venture, and consumer incentive arrangements consistent with RESPA, FHA, and other regulatory requirements 
  • Aided in the creation and implementation of policies and procedures in connection with the Home Affordable Mortgage Program (HAMP) and related programs
  • Aided in the creation and implementation of policies and procedures to comply with major RESPA rule changes effective January 2010 
  • Aided in the creation and implementation of policies and procedures to comply with various FCRA requirements, including the risk-based pricing rules 
  • Aided in the creation and implementation of policies and procedures to comply with changes to the FHA loan insurance program 
  • Aided in the creation and implementation of policies and procedures to comply with TILA requirements added by the Mortgage Disclosure Improvement Act 
  • Aided in the creation and implementation of policies and procedures to comply with major TILA rule changes effective October 2009 
  • Aided in the analysis of HMDA data to give lenders the ability to respond to government, press, and community group inquiries


PROFESSIONAL ACTIVITIES

  • American Bar Association
  • District of Columbia Bar Association
  • Virginia Bar Association

EDUCATION

  • George Washington University Law School (J.D. 1983, with honors)
  • State University of New York at Oneonta (B.A. 1980, with honors)
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