Michael J. Gamsky

Mike is a member of the firm’s Financial Institutions and Business practices and focuses on structured finance and corporate securities/mergers and acquisitions.

Mike 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 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 Mike a unique perspective on issues arising during the loan origination process and servicing issues related to subprime and nonperforming mortgage loans. His experience also includes whole loan purchases and sales, agency transactions, purchases and sales of servicing rights and other secondary market mortgage transactions.

Mike has experience in initial public offerings, follow-on public offerings and 1934 Act work on behalf of both issuers and underwriters. He 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.

Mike was also recently singled out by the highly-regarded Chambers USA legal directory, which annually interviews firm clients. Chambers recognized Mike for conducting a large amount of work for banks, especially regarding loans and mortgage deals with one interviewee stating, “He is unfailingly thorough and prepared, and has great analytical and negotiating skills.”

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American Bar Association, Member

Washington State Bar Association, Member

American Securitization Forum, Member

National Reverse Mortgage Lenders Association, Member


Got Capital Bank Case Study - Safety and Soundness Risk Management

Panelist, 2010 Bankers Briefing, May 2010

FDIC Resolution and Bidding Process

Panelist, 2009 Bankers Briefing, May 2009

The Continuing Credit Crisis: Legal and Accounting Issues That Impact Financial Obligations

Speaker, Insurance Coverage for Subprime Lending Losses, June 2008

Navigating the Credit Crisis

Speaker, Responsibilities of Originators, Sponsors and Servicers, March 2008

ABS East Conference

Speaker, February 2005

"Chambers recognized Mike for conducting a large amount of work for banks, especially regarding loans and mortgage deals." 

BusinessCommercial & Real Estate FinanceFinancial Institutions (Chair)Investment Management


Tel: 206.447.8917Fax: 206.749.2016


The Best Lawyers in America© 
Securitization and Structured Finance Law, 2010-present

Chambers USA Leading Individual, Corporate/Commercial Law, 2012-2018

Best in the Business: Leading Lawyers in the Puget Sound Region, Seattle Business magazine

  • Securitization and Structured Finance Law, 2013


J.D., University of Wisconsin Law School (cum laude), 1982

  • Wisconsin Law Review, Associate Editor

M.A., University of Wisconsin (magna cum laude), 1982

B.A., Lawrence University (magna cum laude), 1978

Bar Admissions

Washington, 2001

Illinois, 1982 (inactive)

Wisconsin, 1982 (inactive)


Foster Pepper PLLC

  • Member, 2008-Present
  • Executive Committee, 2014-2017

Heller Ehrman, Special Counsel and Shareholder, 2001-2008

Hopkins & Sutter (now Foley & Lardner) (Chicago, IL), Partner, 1998-2001

Much Shelist (Chicago, IL), Partner, 1995-1998

Chapman and Cutler (Chicago, IL), Associate and Partner, 1982-1995

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