Richard Andreano Jr

Richard J. Andreano, Jr.

Partner He / Him / His
Washington, DC

Richard J. Andreano, Jr., is the Practice Leader of Ballard Spahr's Mortgage Banking Group. He has devoted over 35 years of practice to financial services, mortgage banking, and consumer finance law. Rich is the leader of the Firm's Fair Lending Team.

Rich advises banks, lenders, brokers, home builders, title companies, insurance companies, real estate professionals, and other settlement providers on regulatory compliance and transactional matters, Federal Housing Administration (FHA) issues, and administrative examinations, enforcement actions and investigations, including fair lending matters. Rich is the principal contact for the firm in its role as federal consumer regulatory counsel to the Real Estate Services Providers Council, Inc. (RESPRO).

Experience 

Representative Matters

  • Assisting mortgage loan and student loan servicers with the replacement of the London Inter-Bank Offered Rate (LIBOR) index with the Secured Overnight Financing Rate (SOFR) index.
  • Assisting lenders with the implementation of the CFPB’s small business lending data collection and reporting rule.
  • Compliance with the TILA/RESPA Integrated Disclosure (TRID) rule, and revising policies and procedures to comply with the rule.

Professional Highlights

Professional Activities

American Bar Association

District of Columbia Bar Association

Virginia Bar Association

Recognition & Accomplishments

Received Certified Mortgage Compliance Professional designation from the Mortgage Bankers Association

Chambers USA, financial services regulation: national consumer finance (compliance), 2014-2023; national consumer finance (enforcement & investigations), 2021-2023

The Legal 500 US, Finance - financial services: regulatory, 2014-2015, 2017-2021

Recipient, JD Supra's Readers Choice Awards, #1 in Real Estate, 2019-2021; #2  in Real Estate, 2022; #2 in Banking & Finance, 2021

Named as one of eight "Top Compliance Lawyers" for 2014 by Mortgage Compliance Magazine

Named a Fellow of American College of Consumer Financial Services Lawyers

Speaking Engagements

Speaker, “Appraisal Bias & Fair Lending Part 2,” California Mortgage Bankers Association Diversity, Equity & Inclusion Committee,” June 20, 2023

Speaker, “Hot Topics on Mortgage Servicing & Originations Compliance,” ACES Quality Management Webinar, June 7, 2023

Speaker, “RESPA and Other Lessons Learned During the Conference,” RESPRO, RESPRO30 Conference, May 23, 2023

Publications

Editor-in-Chief, Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; author of 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 the Equal Credit Opportunity Act and Truth in Lending Act chapters

Co-author, "Concern Over VA Refinance Loan Advertising Practices Leads to CFPB Consent Orders," California Mortgage Finance News, Fall/Winter 2020

Co-author, "U.S. Supreme Court to Decide if the CFPB's Structure is Constitutional," California Mortgage Finance News, Winter 2019

Credentials 

Education

George Washington University Law School (J.D. 1983, with honors)

State University of New York at Oneonta (B.A. 1980, with honors)

Admissions

District of Columbia

Virginia