Sherwin F. Root

Sherwin F. Root: Attorney with Sheppard, Mullin, Richter & Hampton LLP


Mr. Root is an attorney in the Corporate Practice Group in the firm's Los Angeles office.

Practice Areas

Mr. Root handles transactions and regulatory issues for clients in the financial services industry, including banks, thrifts, and mortgage banking companies, and general corporate matters. He is a former Senior Counsel at Home Savings of America, FSB, where he was the primary attorney responsible for legal matters relating to residential lending.


•Deutsche Bank Victory May Have Far-Reaching Consequences
Law360 , January 23, 2014
•Backing Out: Three decisions concern whether plaintiffs may assert class claims rescission under Truth in Lending Act
Daily Journal , April 18, 2007
•Mr. Root has authored numerous articles for trade and professional publications on consumer lending issues.

Financial Institutions Law Blog Posts

• Most Recent CFPB Supervisory Highlights Feature FCRA, LO Compensation and Debt Collection Issues, August 26, 2016
• Notice to Mortgage Lenders - Your Mortgage Interest Statements Must be Revised Starting in Tax Year 2016, June 15, 2016
• Google To Ban Payday Loan Advertisements, May 13, 2016
• CFPB Issues Letter on TRID Enforcement and Liability, January 11, 2016
• CFPB Publishes Bulletin on Respa Compliance and Marketing Services Agreements, October 8, 2015
• CFPB Has Authority to Bring Actions Against a Non-Depository Institution's Related Persons; Are Payday Lenders Next? June 20, 2014
• Does A Consumer's Exercise of a Rescission Right Mean that the Loan Is Automatically Rescinded? Perhaps Not, According to One Federal Court, If the Consumer Does Not Also File a Lawsuit for Rescission, May 20, 2014
• Some QM Relief in Sight? CFPB Proposes Amendment to QM Rule Which Will Permit Creditors to Cure Inadvertent QM Violations Through Refunding Excess Points and Fees, May 2, 2014
• The End Is In Sight? Deutsche Bank Claims Victory In Defense Of A Repurchase Claim Based Upon Statute Of Limitations, December 30, 2013
• Commissioner of California Department of Business Oversight Issues Order on Designated Point of Contact for Delivery of Emails, December 20, 2013
• Sixth Circuit Holds That Affiliated Business Arrangements Are Not Bound by HUD's Statement of Policy Regarding Sham AfBAs, December 20, 2013
• OCC Issues New Risk Management Guidance For Third Party Relationships, November 12, 2013
• Is Everybody A Debt Collector? CFPB Proposes New Rules That Could Subject Creditors That Collect On Their Own Debts To New Debt Collection Rules, November 12, 2013
• California Department of Corporations States That Wholesale Account Executive Who Does Not Deal With Consumers Is Not A Mortgage Loan Originator, April 24, 2012
• Brokers - Thou Shalt Not Accept Payments From More Than One Source In Connection With a Mortgage Loan , February 18, 2011
• New Los Angeles Ordinance Requires Banks And Lenders To Repair Vacant Residential Property , July 16, 2010
• House Approves Legislation to Eliminate Duplicative Consumer Privacy Notices , April 21, 2010
• Ninth Circuit Court of Appeals Joins Other Circuits And Holds That Overcharge Does Not Violate Section 8(b) of RESPA , March 11, 2010
• FHA Proposes Higher Net Worth Requirement For Lenders In Effort To Strengthen Risk Management , March 8, 2010
• More Bad News For Mortgage Lenders? PMI Companies Attempting To Rescind Insurance Policies , August 24, 2009
• New Regulation Z Proposal Bans Yield Spread Premiums, Revamps Disclosure Requirements , July 29, 2009
• When Is A Loan Sale A Table-Funded Transaction Subject To RESPA? U.S. District Court In California Casts Doubt On Routine Transactions , July 21, 2009
• Federal District Court In 11th Circuit Expands Scope Of RESPA Section 8(b) , July 15, 2009
• Helping Families Save Their Homes Act of 2009 Imposes New and Uncertain Disclosure Requirements On Buyers and Assignees of Home Loans , May 29, 2009
• House Financial Services Committee Votes to Suspend Use of New GFE and HUD-1 , April 30, 2009
• HUD Delays Effective Date Of Builder Incentive Ban , January 8, 2009
• FDIC Changes Deposit Insurance Rules For Mortgage Loan Securitizations , October 13, 2008
• HUD Audits Claim First Magnus Marketing And Volume-Based Incentive Arrangements Violated RESPA , August 26, 2008
• New California Law Requires Additional Steps For Foreclosures , August 19, 2008
• Federal Bank Agencies Publish Examples of Information to be Provided for Hybrid Mortgage Products , June 9, 2008
• Federal Trade Commission and Federal Reserve Board Issue Proposed Rules on Risk-Based Pricing Notices , June 9, 2008
• Courts Remain Split on Availability of Class Actions for Rescission Under Truth in Lending Act , March 5, 2007

Speaking Engagements

•Mr. Root has spoken before a number of industry groups, including the Western League of Savings Institutions, the National Home Equity Mortgage Association, the California Mortgage Bankers Association and the California Mortgage Association.

Areas of Practice (5)

  • Corporate
  • Joint Ventures and Strategic Alliances
  • Financial Services
  • Mortgage Banking
  • Multifamily Housing

Education & Credentials

Contact Information:
213.617.5465  Phone
213.620.1398  Fax
University Attended:
Georgetown University, B.S., magna cum laude, 1972
Law School Attended:
Harvard University, J.D., 1975
Year of First Admission:
1975, California


•Membership Co-Chair, California State Bar Consumer Financial Services Committee, 2013-2014
•Member, California State Bar Consumer Financial Services Committee, 2011-2014


Peer Reviews

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*Peer Reviews provided before April 15, 2008 are not displayed.

Documents (28)

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Los Angeles, California

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