Costas "Gus" Avrakotos is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. He concentrates his practice on federal and state regulatory compliance issues related to housing and mortgage finance, including the following: compliance with the requirements of state laws governing the licensing and practices of mortgage brokers, lenders, purchasers and servicers; sales finance companies, money service businesses and collection agencies; the Real Estate Settlement Procedures Act; the Federal Housing Administration and the US Department of Veterans Affairs for lenders making or servicing insured or guaranteed loans; and the secondary mortgage market agencies.
Gus served as a legislative assistant on Capitol Hill for six years, including two years for Senator H. John Heinz III of Pennsylvania. He has contributed articles to various Mortgage Bankers Association publications and is a frequent speaker on state mortgage finance licensing and regulatory compliance issues. He is a member of the Advisory Council of the American Association of Residential Mortgage Regulators (AARMR), and works with the Industry Development and Working Group of the Conference of State Bank Supervisors that has developed and maintains the Nationwide Multistate Licensing System.
