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Phillip L. Schulman

Partner
Washington DC
+1.202.778.9027
Fax +1.202.778.9100

Primary Practice

Secondary Practices

Education

  • J.D., Northeastern University School of Law, 1975
  • B.A., Northeastern University, 1972

Admissions

  • Bar of District of Columbia
  • Bar of Maryland
  • Biography Overview
  • Additional Background
Mr. Schulman has a national practice specializing in a range of matters related to real estate finance, mortgage banking and consumer finance in both the primary and secondary markets, including:
  • Representing companies in the mortgage lending, title insurance and real estate industries in connection with administrative and regulatory compliance matters, including those involving HUD, VA, Ginnie Mae, Fannie Mae, and Freddie Mac;
  • Defending companies in connection with governmental audits, investigations and enforcement proceedings, before, among others, HUD, VA, DOJ and FTC with specialties involving defense of False Claims Act, Mortgage Review Board and RESPA enforcement matters;
  • Developing and analyzing proposed business plans, and drafting the related agreements and disclosures, based upon applicable federal and state laws, regulations and rules, such as the Real Estate Settlement Procedures Act, the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Housing Act, state licensing laws, consumer credit laws, usury laws, unfair and deceptive trade laws and real property laws;
  • Assisting in litigation involving consumer class action lawsuits and commercial claims;
  • Drafting and negotiating agreements concerning (i) loan broker, loan correspondent and whole loan purchase agreements, (ii) servicing rights purchase and sale agreements, and (iii) servicing and sub-servicing.

Professional Background

Mr. Schulman was nationally ranked by Chambers USA 2012 under Financial Services Regulation: Consumer Finance (Compliance) (Band 2). Mr. Schulman, a member of the American College of Financial Services Lawyers, is also the former General Counsel to the Home Improvement Lenders Association and was the former Assistant General Counsel of the Inspector General and Administrative Proceedings Division, U.S. Department of Housing and Urban Development.

Speaking Engagements

Mr. Schulman is a frequent lecturer for seminars and conferences sponsored by the Mortgage Bankers Association, the American Land Title Association, the National Association of Realtors and other industry-related groups on various legal issues involving real estate, title, mortgage banking and consumer finance.

Additional Information

Mr. Schulman has authored dozens of articles on issues affecting the settlement service industry, and is a frequent contributor to Mortgage Banking magazine, October Researcher’s The Title Report, NAR’s RESPA Realities and NAHB publications. He is also co-author with Larry Platt of A Practical Guide to the Real Estate Settlement Procedures Act, published by Warren Gorham & Lamont.
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