Gamsky, Michael J.

Current Employment Position(s)

Member, since 2008

Year Joined Organization: 2008

Lawyer Overview

Mr. Gamsky has a structured finance and corporate securities/M&A practice.

Mr. Gamsky is an experienced securitization/structured finance lawyer who has concentrated in representing sponsors and underwriters in mortgage-backed securitizations (including subprime, Alt A and reverse mortgage loans and small balance commercial loans). He also has extensive experience in advising sponsors/servicers as to their obligations under securitization documents to trustees, investors and pool and certificate insurers relating to repurchase demands based on alleged breaches of loan level representations and warranties, requests for access to loan level data and disagreements relating to audit rights and repurchase demands. This experience combined with the four month comprehensive review of the default management practices of a servicer client that he led has given Mr. Gamsky a unique perspective on issues arising during the loan origination process and servicing issues related to subprime and nonperforming mortgage loans. Mr. Gamsky's experience also includes whole loan purchases and sales, agency transactions, purchases and sales of servicing rights and other secondary market mortgage transactions.

Mr. Gamsky is also an experienced securities lawyer who has concentrated in IPOs, follow-on public offerings and 1934 Act work on behalf of both issuers and underwriters. He also has substantial experience in mergers and acquisitions, institutional financing (private placements of debt and equity, real estate opportunity funds), venture financing (company counsel), representation of start-up and emerging growth companies (primarily technology companies) and general corporate counseling.

Areas of Practice

• Business
• Financial Institutions

West Practice Categories

Banking & Finance Law, Mergers, Acquisitions & Divestitures

Bar Admissions

• Washington, 2001
• Illinois, 1982
• Wisconsin, 1982

Professional Associations and Memberships

• American Bar Association (Member )
• Washington State Bar Association (Member )
• American Securitization Forum (Member )
• National Reverse Mortgage Lenders Association (Member )

Honors and Awards

• The Best Lawyers in America® - Structured Finance Law, 2010-2011

Classes and Seminars

• Speaker, The Continuing Credit Crisis: Legal and Accounting Issues That Impact Financial Obligations , Insurance Coverage for Subprime Lending Losses
• Speaker,Navigating the Credit Crisis , Responsibilities of Originators, Sponsors and Servicers
• Speaker, ABS East Conference

Past Employment Positions

• Heller Ehrman (Seattle), Special Counsel and Shareholder, 2001 - 2008
• Hopkins & Sutter (now Chicago office of Foley & Lardner), Partner, 1998 - 2001
• Much Shelist (Chicago), Partner, 1995 - 1998
• Chapman and Cutler (Chicago), Associate and Partner, 1982 - 1995

Education

• University of Wisconsin Law School, Madison, Wisconsin, 1982
  J.D.
  Honors: cum laude
  Law Review: Wisconsin Law Review, Associate Editor
• University of Wisconsin, 1982
  M.A.
  Honors: magna cum laude
  Major: Public Policy
  Major: Administration
• Lawrence University, 1978
  B.A.
  Honors: magna cum laude

Address

1111 Third Avenue
Suite 3400
Seattle, WA 98101-3299

Phones

(206) 447-8917

Faxes

(206) 749-2016

Emails

Contact Us

Websites

http://www.foster.com