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Michael B. Thimmig

Listed in Best Lawyers since 2010

Perkins Coie LLP

Michael Thimmig is a partner with the firm's Business practice.  He focuses
his practice on structured finance, mortgage banking and secured lending
transactions.  Structured finance experience has involved sophisticated and
complex financings utilizing asset true sales into bankruptcy remote special
purpose entities (SPE).  The majority of his structured finance practice has
involved residential mortgage loans in both Real Estate Mortgage Investment
Conduit (REMIC) and non REMIC transactions, but also has included commercial
mortgage loans, distressed mortgage loans and a number of other consumer
receivables and financial assets.

Structured finance and asset
securitization experience includes:


Mortgage-backed securities and asset-backed securities (including
Residential Mortgage-Backed Security [RMBS], Commercial Mortgage-Backed
Securities [CMBS] and Asset-Backed Security [ABS}) as long term structures
Liquidating trust structures for non-performing and distressed mortgages and
other workout, optional redemptions and clean up call transactions
Commercial paper conduit, structured warehouse facilities, master repurchase
agreement facilities as short term structures and
Mezzanine, subordinate and residual financings.Mortgage banking
experience includes:  

Loan servicing activities and procedures involving the review, analysis and
interpretation of securitization pooling and servicing agreements and whole loan
servicing agreements
Mortgage servicing rights (MSR) purchases and sales and other loan servicing
transfers
Secondary mortgage market whole loan purchases and sales on a servicing
retained and servicing released basis
Mortgage warehouse revolving credit facilities (involving repurchase
agreements, commercial paper conduit and bank syndicated facilities) and workout
and restructurings of warehouse facilities
Servicer advance and MSR credit facilities
Litigation support for breach of loan representation and warranty claims and

Variety of other mortgage banking transactions and operations matters.

In addition, Michael has significant asset-based lending
experience including various senior and subordinate term and revolving
structures that have been secured by a number of difference assets. This
asset-based lending experience combined with the structured finance experience
has included significant collateral pledge and security interest analysis under
Uniform Commercial Code (UCC) Articles 8 and 9.

General corporate and
securities experience has involved a variety of matters including debt and
equity private placements, mergers and acquisitions, systematic contract review
process and company formation and governance.

Michael's background
includes accounting, business and legal experience, with three years as an in
house attorney at mortgage banking companies in their securitization and capital
markets area and, prior to law school, two years as a Certified Public
Accountant (CPA). When encountering the operational and organizational
challenges in structuring and implementing sophisticated financial transactions
for clients, Michael utilizes his legal, accounting and business skills to
anticipate and formulate practical and cost-effective solutions.

Awards

  • Listed in Legal 500 US, 2011
  • Listed in Texas' Best Lawyers, 2010
  • Peer Review Rated AV Preeminent in Martindale Hubbell, 5.0 out of 5

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Locations

500 North Akard Street, Suite 3300
Dallas, TX 75201-3347
Firm Phone: 214-965-7700

Practice Areas

  • Securitization and Structured Finance Law

Lawyer of the Year

Education

  • Marquette University (BSBA)
  • Southern Methodist University, Dedman School of Law (J.D.)

Bar Admissions

  • Texas, United States

Organizations & Affiliations

  • American Bar Association — Member