World Savings Bank Loans Were Securitized – Pooling and Servicing Agreement Uncovered

World Savings Loans Were Securitized – Pooling and Servicing Agreement Uncovered

By Daniel Edstrom
DTC Systems, Inc.

Contrary to what Wells Fargo is saying in court, we have proof that World Savings Bank Securitized loans into REMICs.  We had some evidence of this already, but newly added is a Pooling and Servicing Agreement that we have acquired for World Savings Bank REMIC 12.  The terms are fairly standard that you see in most other securitizations, except that World Savings Bank played nearly all parts in the transaction (the originator, sponsor/seller, depositor, underwriter, etc).  The servicers were required and obligated to make principal and interest payments whether or not they receive them from the homeowners, the notes were required to be endorsed without recourse to the order of Trustee and showing an unbroken chain of endorsements [..] from the originator thereof to the Person endorsing it to Trustee.  It is all here, even the second set of books kept by the master servicer (you know, the true accounting that is concealed, misrepresented and not disclosed to any court of law).

This is a HUGE breakthrough for those looking for evidence that their World Savings Bank loans were securitized.

Download the Pooling and Servicing Agreement here

Author: dmedstrom

Reverse Engineering and Failure Analysis - Reverse Engineering Wall Street

182 thoughts on “World Savings Bank Loans Were Securitized – Pooling and Servicing Agreement Uncovered”

  1. This is incredible.

    I’ve just begun my discovery process of my own World Saving/Wachovia debacle and this is the icing on the cake.

        1. Hello, I’m from Seattle, and I had the world savings 2007 pick a payment loan. I have not paid my loan payment in over a year and foreclosure is still not happening.
          To clear things up
          I have had help in doing so, and have had pretty good luck, but I was rejected for a loan modification 4 times in the last two years.

          I’m getting just fired up as of the discovery with the back security and pooling. Seems Like it is impossible to find the proof for my loan.
          I did send in a written request for proof of the note on Saturday which will buy me some time. I also found out that if the paperwork is not done right by the banks for transfers when selling loans your are in a good spot I think. I was wondering about putting a Omnibus Motion on my title to slow things down if foreclosure happens, any thought s would be good.

          One thing I have learned you have to respond with in a thirty window when you get something back from your lender and never take no for answer. I have someone helping me and I will share anything that I can
          to help. Oh and if you are wondering how much I owe its $600,000.00.

          The door is always open to chat.
          Thanks
          Tim
          [email protected]

  2. This is great! I am teaching homeowners how to save their home as i am a homeowner who was taken by World Savings and have put together a company to help homeowners save their homes. Discovery is everything in court and winning against your Pretender lender. Keeping our homes is essential not only to our future but to the sense of security for our families.. In addition to that to our economy for every home that forecloses those current and not upside down risk their homes value turning upside down. If we can stop the spread of foreclosures we can keep people in their homes but we can also stop the declining values of our homes and improve our economy. The government is NOT going to help us we must help ourselves. People helping people is where it is at!

    1. Is anyone close to a motion demanding the kind of discovery
      which will get the loan level data we all need. It seems like
      everyone is afraid of getting into a fight with Wells Fargo
      over this. Is it basically an issue of not having the money
      to persue the effort.

      1. See Veal vs Wells Fargo filed yesterday from the Ninth Circuit. Debtor compelled WF to prove standing on appeal of WF motion to lift stay by objecting to proof of claim followed up with a memorandum of points and authorites.

        http://goo.gl/xcPKy

      2. I’m in way over my head with Wells. We have proven fraud with the closing agent via discovery and Wells keeps on and on filing motions and such. It’s been over two years and $70k for only $260k loan. They are relentless.

        It’s obvious what is going on… but it doesn’t seem to matter.

    2. DEAR JACQUELINE, I HOPE YOU RECEIVE MY MESSAGE. I GOT PULLED INTO A WORLD SAVINGS BANK PICK-A-PAY LOAN IN 2006. I KNOW THAT MY LOAN WAS SECULARIZATION BUT CAN YOU GIVE ME THE LINK TO PROVE THIS? I CAN NOT SEEM TO FIND THE RIGHT LINK. I AM DESPERATE TO SAVE MY HOME FROM FORECLOSURE. I HAVE BEEN IN MY HOME FOR 25 YEARS AND HAD IT PAID OFF PRIOR TO THIS DEVIL PREDATORY LOAN W/ WORLD, NOW WACHOVIA/WELLS. THANK YOU SO MUCH. MY E-MAIL IS A [email protected] BLESS YOU, MARSHA KILGORE

    3. We just received a “Pick-a-Payment ” Settlement check for $178.04.
      Now it is said we must accept this settlement of which we knew nothing about! This we think is just a way for the banks to get of this mees they created. What recourse do we have now?
      Thank you
      James

    1. No loan level file is available like we have for public securitizations. I would think that this would require a very good attorney and discovery. Expect a BIG fight from Wells Fargo.

      – Dan

      1. how do we prove to them that this is infact securitized in the remic 12 pool?

        1. Charles,
          In my opinion the proof would come from discovery. There is no public proof that I have seen so far. What we have is the fact that World Savings did in fact transfer loans into securitization. But even with public securitizations (published with the SEC) we have some of the same problems. A loan level file can be used to show that a specific loan was (allegedly) conveyed into a trust. But if you look at the Ibanez decision, the court did not accept a normal loan level file as evidence. In the end the banks lost in the Ibanez case because of the very same evidence you are looking for to “prove” a loan was conveyed into a trust. What we have is more along the lines of probable cause. It is for a great litigator to take the information available and convince the court to grant discovery.

          1. Dan – Just spoke to the Office of the President again at Wells Fargo. They insist that they are the investor, not just the servicer. If our World Savings loan did go into REMIC 31 – have you heard of any cases when Wells or Wachovia bought any of those loans back?

  5. If a bank mergers such a world savings to wachovia fsb to wells fargo.. are they still not acquiring the assest of one to the other? so should they be required to assign all mortgage and notes to the next party? Wells fargo is using this argument that they merged with wachovia who Merged with World Savings prior and want to state it was just a name change but in fact when you merge you acquire and combine assets so my understanding is the note & mortgages are an asset and they and i would think they would be required to assign all notes and mortgages accordingly… correct?

    1. Jacquie,
      Generally, if the loans were securitized by World Savings, the loans would have been sold into a trust and the trust would own them (assuming the transfer was perfected). In this case World Savings would be the master servicer and not the owner of the loans. This is complicated by the fact that the PSA for World Savings REMIC 12 states that the master servicer can bring foreclosure actions in their own name, not the name of the trust and/or trustee. This hides the fact that World Savings does not own the loans to the court. If this were the case, the transfer from World Savings to Wachovia would only include the servicing rights. The same with the transfer from Wachovia to Wells Fargo Bank.

      If the loans were not securitized, then each of the transfers might require endorsements of the note (Under UCC 3).

      – Dan

      1. Hi Dan,

        I have found my loan in the REMIC 12 but cannot find the additional information in the next level.
        I have come close and located the private securities as they securitized these loans internationally under private securities and I have the link and the location just trying to gain access via registered approval have not received this as of yet.
        I know that my loan was securitized and have found the evidence of this. Being that its all private and not public stock it does not show in the bloomberg reports. I have found that it is required to be accessible to investors by registering into the private security as a potential investor.
        Has anyone found the final step in which its showing the notes were paid in full or partial ? I have also found the FHA as well as VA fannie freddie and gnma securitizations and full prospectus. My toughest one has been the final level on World Savings/Wachovia/Wells..I am close but not final on this…

        1. Jacquie:

          Good job running down the World Savings/Wachovia REMIC. I, too, have come to the same road block. If you succeed in finding more, would you post here?

          Thx, Tom

          1. Tom

            Here is what i found today.. http://www.secinfo.com/d174k8.zgp.d.htm#yn6
            I found my loan in here.. go to the top and search for the remic ,trust cusip etc. here.. after you search scroll down and you will see the timeline on left side and alphabetical on right.. click on any link to get to the section you want to review. at the very bottom of the report will be mortgage loan schedule ; 0 )

        2. Wow Jacquie, you have done amazingly well! How did you find wthe correct REMIC?

          1. 25 ys of mortgage experience and a knack for finding the hidden.. a little research goes a long way if you follow the paper trail and the hidden factors you can find anything. Even though world savings did their securities under an old law allowing them to go private instead of public they were still required to list them for investors to find and purchase in addition most of their loans were securitized under derivatives and by researching how they started and all the players involved i was able to back track into their private Remic.. (ah not so private just not so public).I have also found all the FHA Securitization as well. I knew they did securitize just took a little time to find the info. The more we uncover the more we can help others.. ; 0)

          2. Hi Jacquie – Our World Savings loan commenced in 2007 – can I use the link you posted to find it? I can only see 2005 and 2006 loans?
            Thanks!

        3. Jacquie, I have a loan that was with world savings in july 2007, i found out it was securitized from a couple of sources , also it was a pick a payment plan. I dont know who to use to look into this matter or use to do audits to get my case moving, Im not in foreclosure as of yet there is no saledate set I am behind 12 months now and have done the paper work about seven times for loan mod, with making homes aff. they keep turning me down. Ive talked to TILA SOLUTIONS, another firm out of CA, and NC. I dont feel safe giving my money to start with out someone telling me they have used someone with good results. please email me back with the info. im looking for. Need to get going on this quickly thank you

          2. How do you know its securized for certain. I’m in your identical situation. Any ideas or direction would be a lifesaver.

        4. Jackie,

          I would like to get this information on the WS Remics. I am helping a friend with a court date of 4/18/2012. With his loan closiing 5/2007. My guess is it in WS REMIC 30 but this is right at the crash of the mortgage bubble where investors started to stop buying these toxic loans. For this reason, I can believe that WS used Wachovia or any other bank to securitize loans. They had to go where the money was. Please send me the link to [email protected].

          Thanks

  6. I have a friend took out a World Bank Loan in 2007, apparently they are private label transactions, it would be impossible to find? or am I wrong? Any help would be appreciated!

    1. it is NOT impossible just takes longer to track.. all world savings loans were securitized via Wachovia mortgage FSB.. so if you are looking for the REMIC of world you wont find it.. you must look under wachovia… that is where you will find them each loan was securitized and world saving continued to service their loans while privately securitizing them using Wachovia Mortgage FSB. They made it harder to locate but not impossible.

      1. Jacquie,
        I do not agree with your assessment. The trust you located, which is Wachovia Mortgage Loan Trust 2005-B, is not a World Savings securitization. Further, it does not appear to have any World Savings loans in it. The loans were all originated by SunTrust or National City. The World Savings REMICs that I have seen were named World Savings REMIC I, World Savings REMIC II, and so on up until World Savings REMIC 35. Of course it is possible that this trust contains World Savings loans in it, but I see no indication at all of World Savings being involved in this deal.

        In a Bloomberg I have seen Wachovia involved in their later deals. For instance on World Savings REMIC 35, which closed on or around 4/29/2008, the parties were as follows:

        Underwriting Lead Manager: Wachovia Capital Markets
        Servicer: Wachovia Mortgage Corporation
        Originator/Seller: Wachovia Mortgage Corporation
        Trustee: The Bank of New York

        Contrast that with World Savings REMIC 32 (closing date is 12/28/2007), whose parties are as follows:

        Underwriting Lead Manager: World Savings Bank
        Master Servicer: World Savings Bank FSB
        Originator/Seller: World Savings Bank, FSB
        Trustee: Bank of New York

        This makes sense when you consider that on 12/31/2007 World Savings Bank, FSB changed its name to Wachovia Mortgage, FSB.

        1. Dan,

          None of the World Savings loans were securitized under world savings they were in FACT securitized under Wachovia even before the merger. As soon as I have a free minute I will send you the documentation and links on this. This is in fact how World Savings hid the fact they were securitizing their notes. I have indepth research,links and proof of this. Too long to enter here but I am more than willing to fwd you this documentation. World savings gave the appearance of holding their paper when in fact they were NO different than any other pretender lender. When you see the facts and the trail it will all come together for you as it did for me and others. So you will never find a REMIC with World Savings name on it as they do NOT exist under World Savings they clearly exist under WACHOVIA.

          1. Jacquie:

            It you wouldn’t mind, I would also like this information, if possible.

          2. Jackquie,
            You didn’t see the Pooling and Servicing Agreement for World Savings REMIC 12? Have you looked at the IRS 938 filings showing various World Savings REMICs? Have you looked at the Bloomberg terminal which shows most of the World Savings REMICs numbered from 1 to 35? Have you viewed the World Savings REMIC trusts on the Deutsche Bank and the Bank of New York websites (for trust investor reporting)? I am not sure why you are saying we will never find a REMIC with World Savings name on it as this has already been done.

          3. Jacquie:

            Regarding your response to Dan regarding your discovery of World Savings/Wachovia’s securitizations….

            Would you please provide me with the links you mention?

            I’ve been digging through secinfo site and have found interesting stuff but not found any definitive info about my WS/Wachovia loan.

            Any other links/info would be greatly appreciated….

            Thx,Tom

          4. Jacquie,
            Would you kindly provide me the links also? Thank you for all your hard work.

          5. Dear Dan,

            Will you please give me the same links about the World/Wachovia securitization moves….;;

          6. Dan,

            If you would be so kind, I would appreciate the information on Ws/Wach REMICS as well for my WS loan dtd 9 June 2005.

            In my situation the bank/attorney refused my offer of payment in full and could not, would not produce the deed/title or offer any comfort that such would transfer on receipt of payment. Seems now that they simply did not have it.

            The Hendricks decision in Michigan and the Veal decision in Az give me a better hope to get my familyhome of 53 years back. Both have to do with securizations and standing.

            Others reading this are welcome to respond as well.

            Darrell A. Kanka

          7. Hi

            Really impressive! I would be really grateful if you could send me those links so my lawyer can follow up! Thanks, Jim

          8. Jacquie,

            Could you send me the links to prove WS securitized my loan. I’ve been fighting Wachovia over this for 3 years.

            I have a WS pick a payment loan that closed in Jan/2004.

            On another interesting note, I sent them a QWR demanding to see the original wet ink note, and was told that I could only ‘view the document not touch it or take possession’ if I want to San Antonio TX. Interesting twist hard to tell if it’s an original and not a copy if you can’t physically review the signatures.

          9. Hi Jacquie, I would like to find my loan there, but it’s taking me too long to get it, can you give me instructions on how to do it?? I closed my deal with World savings in February 2005, I’d really appreciate it Jacquie!! Thank you so much!

          10. DEAR DAN, I REALLY APPRECIATE RECEIVING YOUR LINKS TO PROVE WHAT WORLD HAS SECULARIZED MY HORRIBLE PICK-A-PAYMENT LOAN THE END OF 2006. I AM IN FORECLOSURE AND OCT.17,2011 MY HOME DEFAULT WAS SENT TO REGIONAL TRUSTEE. R-TRUSTEE SENT ME A LETTER GIVING ME LESS THAN 30 DAYS TO PROVE THAT THEY SHOULD NOT CONTINUE W/ A SALE DATE. PLEASE SEND ME THE LINKS SO AS I CAN FIGHT THIS FIGHT W/ KNOWLEDGE. I CAN USE ALL USEFUL INFO. YOU CAN SHARE W/ ME. I AM 61 YEARS OLD AND GOING THROUGH BREAST CANCER. TIMES ARE SO STRESSFUL. PLEASE ALLOW ME TO GIVE YOU MY E-MAIL FOR THE LINKS I HOPE YOU WILL SEND. [email protected] THANK YOU SO VERY MUCH DAN. MARSHA FROM CALIFORNIA 1-559-261-1883

          11. DEAR JACQUIE, I AM IMPRESSED WITH YOUR RESEARCH! CAN I PLEASE ASK YOU FOR YOUR DIRECT E-MAIL? I NEED SOME DESPERATE HELP IN LOCATING MY LOAN REMIC AND CIPIS (SPELLING ERROR) I AM ILL W/ BREAST CANCER AND FACING FORECLOSURE W/ A SCHEDULED SALE DATE. MY LOAN WAS W/ WORLD SAVINGS AND CLOSED OCT.31,2006 I LIVE IN CALIFORNIA. MY LOAN AMT. WAS $177,500. PLEASE ANY INFO. YOU CAN SEND ME WILL BE SO APPRECIATED. MARSHA

      2. jacquie: do you have a location in the bay area by any chance.
        I have three World loans closed in 2007 and would like to assist
        in any way I can. [email protected] please

          1. Thank you Paul I will. I am filing in court today in response to a UD
            and want to raise issues during UD. I am also in BK but they
            removed the stay. Interesting.

          2. We got ourselves an extra six weeks. Now we can put together
            a better attack.

          3. My case is really complicated. I found a lawyer willing to do litigation within
            BK on the basis of securitization or the assignment issues, and the Trustee
            liked our possible claims enough to possibly want to claim part of the claims.
            So we have not been able to start any actions until he makes up his mind,
            which is good in a way, because it gives us more time to come in with
            relevant cases. I converted into BK 7 from BK 11 because the costs of
            keeping BK 11 going were too high for me (the accounting reports required).
            More later. Were are you located? I mean what city etc. please.
            I have your email, also but thought that this general information might
            assist someone else. Also my lawyer was extremely patient with
            the Trustee and he ended up interested in Securitization. but this
            extreme patience, is important also.

      3. Hi Jacquie, I may have found something on the SEC Info-Wachovia Mortgage Loan Trust Series>> I looked it up typing my original note amount, and what I found is a loan under Suntrust Mortgage, the maximum principal amount on my note matches the purchase in full, I”m not sure if that is my loan, my question is, what does Suntrust Mortgage have to do with SEC’s Wachovia’s info, and what other steps can I take in order to establish my loan with this security?? Thanks Jacquie!!

  7. Interesting, so I am looking under Wachovia Mortgage FSB even before World officially became Wachovia? Loan was originated in 82007, World became Wachovia in December of 2007. I had an audit done but they couldn’t locate the specific loan. How can I find the specific remic?

    1. Paul,
      My guess for your loan would be World Savings REMIC 31, which closed on 11/28/2007. Because the closing for World Savings REMIC 30 was 8/28/2007, and this was so close to the date of your closing, I doubt your loan is in World Savings REMIC 30. This is because by industry standards, the cut-off date was probably 8/1/2007.

        1. paul

          I will fwd you the same info that I send to Dan.. I want everyone to know the truth on this as they hid and hid well but now its time to to expose the truth and save more homes. ; 0 ) Many homeowners also think if they have a FHA loan that they were not securitized when in fact they were securitized but not under the name of FHA … ; 0) Can you guess who they securitized their notes under? OK for me back to work I have much to do today.. I will follow up later with the links and info promised.

          1. Thanks for your help, its very difficult to navigate, my friend has an option arm, closed in August of 2007, he is being foreclosed upon by Wells Fargo, we are certain loan was securitized.

            Thx again

            Paul

          4. Jacquie,

            Can you please send me the information you have as well. Also, if anyone has any info on REMIC 14, it would be greatly appreciated.

          5. Hi Jacquie

            Can you send me the links to the REMIC also. My loan closed Jan 2005, the great pick a payment scam.

            Thank you! Mike

      2. Hi Dan – Our World Savings Loan originated in October 2007 – any idea which REMIC I should search for? Or other way to find out if the loan was securitzed? I just found this blog, WF/Wachovia has denied out applications for a mod and want to foreclose.

  8. Jacquie:

    What an amazing document; big thanks for digging it up for us.

    I’ve searched everything and can find listings for Sun Trust and National City but nothing listed as Wachovia. I’ve tried using any loan ID #s I can located but nothing matches that either.

    I see comments here about private vs public securitization. Could it be that the SunTrust/National lists are public and the Wachovia loans as private – hence no itemized listing?

    I’ve searched other filings (“Wachovia Mortgage Loan Trust”) and found this list (http://goo.gl/tyrcS). In one case the exhibit listing the mortgage loan schedule is “intentionally omitted”.

    Know of any way to dig further to find the loan schedules when they’re omitted?

    Thanks, Tom

  9. WOW!! I have been searching since August last year for evidence that World securitized their loans. (we got ours in 2004) It must have been fate that had my search phrase slightly different tonight and I found this site. THANK YOU!! I have compiled hours and hours and reams and reams of research on the fascinating subject of how we got “done” (being polite here!) by the banks. Jacquie, I would be so grateful for any information you have on the World Savings securitizations. I guess that Dan has my email address and I am happy for him to pass it to you.

    I CAN’T BELIEVE I FOUND YOU GUYS!!! Sally

    1. I did find the likely Remic # 31 on Bloomberg for my friends loan he closed in August of 2007 I have the cusip # 98152QAA, Although I can find no other info on the sec website, I assume since this was private placement?

      Waiting for Jacquie’s response

      Jacquie do you have my email?

    2. did you have any luck with finding info. i was with world savings in 2007 then wachovia now wells fargo. is it true you can get title clear and free if its been securitized please help if you can thank you! chris

  10. My World Savings loan closed January 2006. What REMIC would I be in?

    I took Wachovia down the path of administrative default and have reconveyed title back to me. Now I am going for a Quiet Title Action and would like as much firepower as I can to show these were securitized.

    Any help would be tremendous.

    Thanks,
    Darren

      1. Thanks for the info.

        How can I located the PSA for World Saving Remic 23 and how do i proved my loan was in there?

        Thanks,
        Darren

      2. DEAR DAN, WOULD YOU PLEASE SEND ME THE LINK TO FIND THE SECULARIZATION ACTION ON MY HORRIBLE WORLD SAVINGS LOAN THAT ORIGINATED THE END OF 2006. I NEED TO GET THIS INFO. BEFORE WACHOVIA PULLS THE ” TRUTH ” AND FALSIFIES THEIR WAY OUT. I AM IN FORECLOSURE AND FIGHTING HARD TO KEEP MY HOME OF 25 YEARS. THANK YOU! MARSHA KILGORE E-MAIL ADDRESS; [email protected]

  12. I took a World Savings loan in 2005 and was foreclosed on by advertisement in Michigan by WS in 2008 under WS name. Seeing as how the name was changed to Wachovia, Dec 2007, and/or my loan was in a REMIC … was the WS name legal to foreclose under ? Any help to find which REMIC my loan was in would be greatly appreciated.

    1. Very sticky this World Savings/Wachovia mess. I spent all day digging through secinfo looking for my WS/Wachovia mortgage using every hint/clue I could scrape from this board and others…..NADA!!!

      I even read my entire WS file last night. In their disclosures they indicated they didn’t sell their loans. So, did Wachovia securitize them after their merger/acquisition/sale? Don’t know…all of my searching was done in Wachovia documents. But the documents that covered the date of my loan to the merger date, all their Loan Schedules removed (or maybe I just didn’t know how to dig deep enough to find ’em). I found a few “Free Writing Prospectus (FWP)” but it had nothing for me.

      Don’t know if any of that helps…keep diggin, post here.

      Tom

  13. Does anyone know about World loans from June 2005 and where they would be? Can you send info and/or links to me too?

    thanks!

  14. Dan, thank you for the timely response regarding loan level files. If in fact I acquire the loan level files and can confirm that my mortgage is in REMIC 28, how important is that to my case?
    Also Dan, has Wells Fargo had to repurchase any of these non performing mortgages back from the trust at Bank of New York? If Wells did repurchase bad loans, how does that work mechanically speaking, does the loan get cleaved off of the REMIC or does Wells pay off the trustee with a one time payment or just take over the non performing loan payments to the trustee until the dust settles?
    If Wells does repurchase the non performing loan, do they now own the mortgage again giving them more leverage in foreclosure or is the mortgage left in the REMIC under the trustee in any event?
    I am also under the impression that the mortgages inside the REMIC are insured Dan, is that true?
    Thanks for your time Dan,
    Jack

  15. Jack:

    Not to bud in.

    It is extremely difficult to locate loan level files as these were private transactions, I am trying this for a friend as we speak.

    The problem I have found is that the courts, take a negative view of securitization issues, there is some light at the end of the tunnel, but you still need a very good attorney, at least here in NJ. Mots judges will allow Wells Fargo to foreclose simple if they are the note holder. period.

  16. Great site and comments…if anyone has any info on REMIC 14, I would greatly appreciate it. Any links would also be appreciated. I have a 2003 World Savings Mortgage that I am getting the run around with.

  17. Dear Dan,

    Our World Loan closed August 4, 2004. Do you know which REMIC it is in, and if so-post a URL link to the SEC site for that specific document?

    Any help is beyond appreciated! God Bless You!

    Sincerely,
    JJ

  18. Hi everybody:

    I had a WS loan and then it went to Wachovia and now you guessed it WF. Of course im upsidedown with my loan. Bought in Jan of 05. I have been affter Wachovia before WF took over for a loan Mod, they came back with a big fat no. They said the software that would help in the matter was not up and running. Sounds fishy.

    Got a call from WS yesterday did not pick up, caller ID spotted them. Got to thinking and pulled out my loand docs and started to Google them, and came across all kinds of good things. Never heard of this Securitized stuff.

    What about Mers loans, good or bad. I heard if you have one of these you can get out of your loan free and clear.

    Mike

  19. I got my home refinaced with World Savings in 2002 which later became Wachovia Mortgage. Interestingly I look at my records recorded in the Court House at Travis County (Austin, Texas) and one of my documents is signed Wachovia Mortgage in 2003 by a VP of Wachovia with the last name of Monies. Because I have a Texas Equity Loan (took money out one time from my escrow) they did not approve me for HAMP. I was then sent the ASSURANCE between Wachovia Mortgaeg and The Attorney General’s Office back in 2010 that states my loan is a pick-a-payment loan and explains why my loan principall hasn’t gone down very much. I contacted Wachovia again and they again turned me down (even though they’re supposed to “work with” pick-a-payment clients). I now am 8 months behind in my mortgage and Wachovia called me last week to ask when I could pay my past payments, plus attorney fees, etc., etc. I found it interesting that the phone caller id and the representative both said Wachovia Mortgage. I thought Wachovia Mortgage was bought by Wells Fargo!?!?! I have filed a complaint with the Texas Attorney General’s Offices asking if they have been looking over the pick-a-payment loans and whether or not Wachovia is holding on to all of the Texas Equity Loans.

    Anyone else have a Texas Equity Note that seems suspicious with Wachovia Mortgage?

  20. I am trying to prove that my original lender, Chase Bank NA has securitized my loan, and I believe it was done under a private label. Can anyone help me get started on how I might find the proof I need? I have not a clue on how to start. It was serviced by both Saxon Mortgage Services & Chase Home Finance.

  21. http://www.sec.gov/Archives/edgar/data/42293/000119312505219869/d10q.htm#tx20919_12

    NOTE A – Accounting Policies

    The significant accounting policies of Golden West Financial Corporation and subsidiaries (Golden West or Company) are more fully described in Note A to the Consolidated Financial Statements included in the Form 10-K for the fiscal year ended December 31, 2004 filed with the Securities and Exchange Commission (SEC) on March 11, 2005 (SEC File No. 1-4629).

    Principles of Consolidation

    The Company’s consolidated financial statements, including World Savings Bank, FSB (WSB) and World Savings Bank, FSB (Texas) (WTX), for the three and nine months ended September 30, 2005 and 2004 are unaudited. In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair statement of the results for such three- and nine-month periods have been included. The operating results for the three and nine months ended September 30, 2005 are not necessarily indicative of the results for the full year.

    Stock-Based Compensation

    The Company has stock-based employee compensation plans. The Company applies Accounting Principles Board Opinion No. 25, “Accounting for Stock Issued to Employees” (APB 25) and related interpretations in accounting for its plans. Accordingly, no compensation cost has been recognized for awards granted under the plans. Had compensation cost been determined using the fair value based method prescribed by Statement of Financial Accounting Standards No. 123 “Accounting for Stock-Based Compensation” (SFAS 123), the Company’s net income and earnings per share would have been reduced to the pro forma amounts indicated below:

    Pro Forma Net Income and Earnings Per Share
    (Dollars in thousands except per share figures)
    (Unaudited)

  22. Balance of Loans Receivable and MBS by Component
    (Dollars in thousands)

    September 30
    2005
    December 31
    2004
    September 30
    2004

    Loans

    $ 74,182,918 $ 65,266,464 $ 58,958,038
    Securitized loans (a)

    39,015,397 33,957,058 33,876,582
    Other (b)

    1,730,531 1,335,657 1,480,397

    Total loans receivable

    114,928,846 100,559,179 94,315,017

    MBS with recourse (c)

    1,253,710 1,719,982 1,889,322
    Purchased MBS

    330,891 390,070 411,802

    Total MBS

    1,584,601 2,110,052 2,301,124

    Total loans receivable and MBS

    $ 116,513,447 $ 102,669,231 $ 96,616,141

    ARMs as a percentage of total loans receivable and MBS

    99 % 98 % 98 %

    (a) Loans securitized after March 31, 2001 are classified as securitized loans and included in loans receivable. See “Securitization Activity” on page 21.

    (b) Includes loans in process, net deferred loan costs, allowance for loan losses, and other miscellaneous discounts.

    (c) Loans securitized prior to April 1, 2001 are classified as MBS with recourse held to maturity.

    The balance of loans receivable and MBS is affected primarily by loan originations and loan and MBS repayments. The following table provides information about our loan originations and loan and MBS repayments for the three and nine months ended September 30, 2005 and 2004.

  23. GOLDEN WEST FINANCIAL CORPORATION
    Golden West Financial Corporation, a Delaware corporation, is a savings and loan holding company, the principal business of which is the operation of a savings bank business through its wholly owned subsidiary, World Savings Bank, FSB (“WSB”). WSB is a federally chartered savings bank with deposits insured by the Federal Deposit Insurance Corporation. WSB has a wholly owned subsidiary, World Savings Bank, FSB (Texas) (“WTX” and together with WSB, the “World Subsidiaries”) that is also a federally chartered savings bank.
    We are a residential mortgage portfolio lender. Our principal business, conducted through the World Subsidiaries, is attracting savings deposits from the general public, and investing those funds, together with Federal Home Loan Bank advances and other borrowings, principally in mortgage loans secured by residential real estate. Headquartered in Oakland, California, we are one of the nation’s largest financial institutions and we have one of the most extensive thrift branch systems in the country with 283 savings branches in ten states and lending operations in 38 states.
    We and our subsidiaries are subject to extensive examination, supervision and regulation by the Office of Thrift Supervision (“OTS”) and the Federal Deposit Insurance Corporation. Applicable regulations govern, among other things, our lending and investment powers, the types of accounts we are permitted to offer, the types of business in which we may engage, and requirements for regulatory capital. We are also subject to regulations of the Board of Governors of the Federal Reserve System with respect to required reserves and certain other matters.
    Golden West is a legal entity separate and distinct from our subsidiaries. The principal source of Golden West’s cash flow on an unconsolidated basis has been dividends from its subsidiaries, interest on investments and proceeds from the issuance of securities. There are some restrictions and tax considerations described in our most recent Annual Report on Form 10-K that limit directly or indirectly the amount of dividends our subsidiaries can pay
    3

    WHERE YOU CAN FIND MORE INFORMATION
    We file annual, quarterly and special reports, proxy statements, and other information with the SEC. You may read and copy any document we file with the SEC at its public reference room at 100 F Street N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Our SEC filings are also available to the public at the SEC’s web site at http://www.sec.gov. Reports, proxy material and other information about us can also be inspected at the offices of the New York and Pacific Stock Exchanges.
    The SEC allows us to “incorporate by reference” the information that we file with it, which means that we can disclose important information to you by referring to that information. The information incorporated by reference is considered to be part of this prospectus, and later information filed with the SEC will automatically update and supersede this information. We incorporate by reference the documents listed below and any future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, until we sell all of the debt securities described in this prospectus:
    • Our Annual Report on Form 10-K for the year ended December 31, 2004.

    • Our Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30, and September 30, 2005.

    • Our Current Reports on Form 8-K dated January 20, 2005, April 20, 2005, April 27, 2005, July 20, 2005, September 6, 2005, October 20, 2005 and October 24, 2005 (other than the portions of those documents not deemed to be filed).
    You may request a copy of these filings (other than an exhibit to a filing unless that exhibit is specifically incorporated by reference into that filing) at no cost by telephoning or writing us at the following address:
    Golden West Financial Corporation
    Attn: William Nunan
    1901 Harrison Street
    Oakland, California 94612
    Phone: (510) 446-3420
    You should rely only on the information incorporated by reference or provided by us in this prospectus or any prospectus supplement. We have not authorized anyone else to provide you with different information. We are only offering the debt securities in states where the offer is permitted. You should not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date on the front of those documents.

    1. Do you know a good person to help me with my loan fraud with world savings in the SC area with being secured my loan was in 2007 , I want to get legal help with to do the audits and correct steps to prepare for case. Thank you

  24. I can’t find anything on World Savings on the sec website, I’m looking for 2007, Could you advise??

  25. This is very interesting. Wells Fargo, as successor to World Savings FSB claims it owns my loan. Yet here you suggest that most, if not all World Savings loans were sold to these REMIC trusts. How do I find out if my loan (closed 2/13/2006) was sold?
    I also notice that the REMIC 12 PSA posted, specifically says that mortgage notes would be endorsed, and the transfer recorded as required. Yet my local courthouse (in Texas) has no record of any such assignment/transfer.

    Jacquie, suggests another line – that WS may have also securitized loans through an arrangement with Wachovia. I’d be interested to learn more Jacquie – if you read this please email me – paulmullen AT gmail.com

  26. Boy this is a lot if information to digest.. Since are loans are securitized is there any recorse against WSB?

  27. I would really like to get a hold of this info. Please post it Thanks so much, Sharon

  28. This might be a dumb question but i’m going to ask it anyway.

    I have a WSB Pick a payment loan dating back in Jan 05. I’m going through home mod right now to help with the pain of the monthly payment. On my Deed of Trust is shows Golden West as the Trustee. Sounds like i have a Securitized loan.

    Here comes the dumb question…

    What is wrong with the loan being Securitized??? Do we have any recourse against WSB-Wacovia-WF?

  29. All I see are a lot of questions, is or does anyone answer any of these? I for one have asked if anyone else has a pick-a-payment loan that is also a Texas Equity Note (doesn’t SAY pick-a-payment loan) that tried to get their loan modified.

    Wachovia says that The Texas Consitution doesn’t let them modifiy Texas Equity Loans. Anyone have ANY knowledge of this and/or know of anyone besides Pennington vs. Wachovia (I don’t want to give the attorney the $3,000.00 he wants to put my name on the law suit)?

  30. Sorry

    I don’t have a Texas Equity Note. But i do have a Pick a Payment loan which is not Pick a Payment any more, its a full bore payment. No more choice!

  31. So, they “modified your pick-a-payment loan and now it’s higher Mike? I wonder just how many of the pick-a-payment loans (Texas Equity or not) were actually modified AND how many distraut borrowers just walked away and/or tried catching up with a payment plan that makes their loan almost twice as high????

    1. Yep…I was about 1600, and now its 2550. Ouch! But they still give me the option to make the 15yr plan payment. Yea sure 5 grand a month, who do they think I am Warren B.

      So is this securitization of our loans legal?

  32. i have world , wachovia , wells . i have 2 loans one 2000 , 2004 . They are foreclosing on the 2nd .same banks . I paid to have a audit on both loans and im being told they we never securitzated . here is what i was told .

    Your loan was never securitized. so it won’t have a cuspic number or a trust. Therefore, there will be no PSA.

    It was acquired by Wachovia when they purchased Golden West Financial (World Saving’s parent company). Golden West held the loans they originated in their portfolio. Because the Wachovia purchased Golden West’s assets including your mortgage they don’t have assign it to themselves. All they have to state in the foreclosure is “by acquisition of Golden West Financial”. Although Wachovia is owned by Wells Fargo, Wachovia is still a separate legal entity. So to answer your question, Wachovia is the owner.

    im in pa. any help would be a blessing

    1. Sounds like the bank gave you an audit. Try my Securitization Reverse Engineering and Failure Analysis – but it is for use by an attorney. This is extremely complicated.

        1. World Savings, like many other banks, used Federal Home Loan Bank(s) to fund their loans. As a “member” they pledged the collateral (loans) and FHLB funded their credit lines. World touted that these loans were in their own portfolio when in reality they were just using FHLB borrowed funds. Apparently, in some cases the bank could hold onto the documents, in other cases they were handed over to FHLB. FHLB could then securitize the loans. Check on the Internet for FHLB lawsuits… FYI, World used FHLB of Seattle.

        2. Thats absolutely false, get your money back, if thats their only answer, World certainly did securitize, its a fact, World created multiple REMIC’s

      1. Although I believe they did, its just not readily available, you need an audit by someone with clearance to private level transactions.

  34. Either W/W/W loans were securitized and sold on the secondary market … or not. ?
    Can WS/Wach legally sue under their own name … or not ?

    Why hasn’t a securitization audit of even one World/Wach loan been done ?

    1. Its not that simple World securitized billions of loans establishing multiple REMIC’s if you have access to Bloomberg, you can see all the multiple REMIC’s which World created, the question is proving that YOUR loan has been identified within a specific trust. You need an attorney to file a motion for discovery asking World|wachovia|Wells to prove that they are the rightful creditor with a beneficial interest. Will the judge allow this? depends on the judge and the state. Slowly the wheels are turning in your direction.

  35. All of this stuff is way over my head, but I really need some help. My loan was taken out in 9/1999, with World Savings. Title company recorded property that I owned which was not to be encumbered by the mortgage. I caught the mistake and made the closer change the legal description to only the property I was mortgaging.

    Years later, (2006) when I needed to sell this unencumbered property to prepare for extensive medical surgeries, I could not as the deed was encumbered. Although, I contacted World in August, telling them that I had to have the deed released by October 1, 2006 to consummate the sale, World didn’t release the deed from San Antonio until October 13, 2006 and it did not get recorded here in NM until 10/13/2006. Is World guilty of not using due diligence in reviewing the loan with the appraisal? I made the title company correct the HUD statement to show only the lot I was mortgaging and would not sign the HUD statement and other closing docs until it was corrected. I feel the act of falsifying documents is fraud and unethical.

    Since my property sale was quashed, I asked World to give me an line item itemization. I have asked for this from then to now. I am submitting a motion to have the court set aside the foreclosure judgement. I have since learned that the information I was requesting from World and their attorney is called “Discovery.” My biggest mistake (Pro Se) is not knowing to make motions, objections etc. I just conferred with the Plaintiff’s attorney. I basically helped them and screwed myself. Innocent in believing that the attorney would be fair and fix the problems. NOT

    I have been unable to obtain the services of an attorney. They are so busy, they don’t even return calls. Others want easy revolving door cases. What info about World, Wachovia and Wells Fargo can I use to plead my motion? I was notified that World transferred my mortgage to Wachovia, but nothing was ever said about my mortgage going to Wells Fargo. Any help would be greatly appreciated. May I also ask what is REMIC & PSA?

  36. Does anyone know of a Maryland Atty. experienced in handling these kinds of cases? I’m not willing to fork over a 2k retaining fee to someone trying to garner some on-the-job training.

    1. You might be better off looking for an attorney that specializes in World / Wachovia / FHLB and Wells Fargo and use a local attorney pro hac vice – because World makes this more complicated than the average foreclosure. Not many attorneys have studied how FHLB interacts with these banks.

      1. Unfortunately there is NOT many attorneys in each state that get it or understand it let alone how to properly fight it.. if you can find an attorney willing to come in pro hac vice and know of an attorney in your state that will allow the atty to come in under them perhaps one willing to learn the ropes this would be best. I know of attorneys from other states that do know the laws and understand securitization as well as teach it in seminars. that will come in pro hac vice.

  37. Hi Jacquie, I may have found something on the SEC Info-Wachovia Mortgage Loan Trust Series>> I looked it up typing my original note amount, and what I found is a loan under Suntrust Mortgage, the maximum principal amount on my note matches the purchase in full, I”m not sure if that is my loan, my question is, what does Suntrust Mortgage have to do with SEC’s Wachovia’s info, and what other steps can I take in order to establish my loan with this security?? Thanks Jacquie!!

    1. Do you know anyone with access to bloomberg? Sun Trust was a trustee used by many of world savings securities.

      1. Hi Jacquie,
        I have access to Bloomberg however there is no LLD information available for World Savings Bank as Dan has stated previously that they were private placement. and not required to file as per rule 424(b).

  38. In our Chap 13 BK, Wells Fargo has filed the following as substantiation of their (Wachovia’s) claim. Wachovia is our servicer, not WF.

    11/19/07 – Letter from the Office of Thrift Supervision approving the name change of World Savings Bank, FSB to Wachovia Mortgage, FSB (also included a copy of the “Articles of Combination” combining “World Savings and Loan” into “World Savings Bank, FSB”)

    12/1/09 – Letter from the OCC certifying the conversion of Wachovia Mortgage, FSB to a national bank with the name “Wells Fargo Southwest, NA” …AND… the merger of “Wells Fargo Southwest, NA” with and into “Wells Fargo Bank, NA”

    So it appears that Wachovia converts to a national bank with the name of “Wells Fargo”. Our title records show only the World Savings DoT with not reassignment/transfer to Wachovia. I can find no support for requiring the DoT to be filed as Wachovia as a result of the ‘conversion.’

    Now, WF has filed their proof of claim and they’re not my servicer. Same issue – does ‘converting’ to a national bank with a new name require the recording of land records to reflect these new “parties of interest”?

    WF’s B10 form also left Box 4 unchecked except for the total amount due. The instructions say they have to state the value of the property and the annual interest rate as well as a field to specify the “Basis for perfection.” Further form instructions state that the debt is secured only to the value of the property. Anything not secured by value, becomes unsecured.

    I have instructed my attorney to file an objection to the filing based on the maxim – anything not challenged is accepted as true.

    1. Tom

      Regardless of the Name change and merger the assets were still acquired via a pool of securities and this does not negate the fact they they must still provide proof of ownership. Regardless if the banks merge or purchase just one pool of securities (as they liked to call notes) does not change the fact they acquired the entity but also all the pools of securities and paid for them an agreed upon amount and therefore their statement is NULLIFIED. Going back to your constitutional rights your property is SOVEREIGN and they have NO right to take it. It violates due process clause. According to the common law doctrine the common law originated in the middle ages to protect property rights! The american revolution destroyed allegiance to the British Crown but kept common law rights of property! This situation made every man “Sovereign” over his own property. No Congress, state legislature nor county or city ordinance nor judicial ruling by any court could deprive people of their common law rights! Including their rights to “allodial” property! Common law is still in full force and effect today! Strengthen your position and get your sovereignty now and protect your freedoms!

    2. I was just in court yesterday against Wells Fargo -Plaintiff and the attorney showed up in court with these exact same two letters I believe – I would love to compare notes on our cases -please contact me:

      Mike

      [email protected]

  39. your going about this backwards. If your note (the copy) is not endorsed and the EIN on your 1099 is not the same as your lender, you need to have the servicer prove they can service the loan. This will compel them to produce the true lender, PSA, etc.

    Most will walk at that point. They do not want PSA and its accounting out because the servicer when making payments to the pool rarely made payments minus non-performing loans, they just made payments until the entire pool ‘mathematically’ defaulted. IE, you most like were/are not actually in default because lender got paid.

    1. BEB

      You are totally correct! Most properties foreclosed on were never in default within the pool that is why discovery is needed and should be enforced which can be done and forced onto the lender to provide via BK court if needed by placing the alleged debt on the schedules as Unsecured debt forcing the pretender lender to have to provide proof of true ownership and standing. Which we know majority cannot!

  40. Amazing research. I am attempting to locate this data for
    an August 2002 World Savings Loan that was “re recorded” (?)
    in February 2003. I am having difficulty locating Remic 13 and Cusip 981928AA2 et al, to locate specific Loans originated.

    Any suggestions or Links

    Thank you for the incredible efforts.

    Elle

    1. Not much available on WSR REMIC 13. The WSR REMIC 12 Pooling and Servicing Agreement would be nearly identical to that of REMIC 13’s Pooling and Servicing Agreement.

      1. To Dan & Everyone:

        I have a court battle coming up in November with- Wells Fargo / Wachovia / eta al.
        They just admitted, by way of my Discovery demands in their affidavit that my loan was indeed in a REMIC with The Bank of New York as Trustee.
        Furthermore they claim that my loan was “transferred out” of that REMIC in 2009 when I stopped making payments – thus giving them the right to now foreclose.
        They have admitted to the REMIC existing but NOW that my loan was “pulled” from that pool that they have ownership of the note and mortgage now.

        I have been challenging their standing in court now – pro se- going on 2 years now. I have filed motions to compel discovery on three different occasions and after 12+ months of fighting for discovery the court finally granted it to me. Last month they provided me with over 1000 pages of internal documents of which I think I found a smoking gun showing my loan going into the Bank of New York Trust Pool in 2007 and then back out.

        I really need some help now trying to find my applicable REMIC # and PSA aggreement. They have sitpulated on the record that a PSA agreement does not exist – I would love to show them otherwise!

        Any any all help is appreciated as I don’t have access to the Bloomberg terminal, etc.

        My loan closed in May 2007 – World Savings Bank –
        Loan #0046258794
        Note amount: $364,800
        Max principal secured by mortgage: $456,000.

        thanks – Mike

  41. To Dan Edstrom:
    Thank you. What I am trying to locate, if it exists, is the CUSIP(?) data
    for REMIC 13 similar to that which is record for

    “Wachovia Mortgage Loan Trust/Series 2005-B · 8-K · For 11/22/05 · EX-4.1″ Filed On 12/8/05 7:12pm ET · SEC File 333-126164-03 · Accession Number 1282695-5-534”

    It appears that this “record” lists actual Loans. The data
    is so complicated it is difficult to retrace the route to this 2005 info.

    I am familiar with the IRS 938s; which lists CUSIP’s, but I’m not
    sure how one gets from CUSIP’s to SEC Files [ie 333-126164-03].

    The loan I am researching was recorded and then “rerecorded” months later and has other oddities. Is information available
    regarding the Doc identification numbers in the lower left corners of the 2002-2003 Deed-of-trusts?

    This information is “intriquing”

  42. Question for anybody:

    If my lender WSB/W/WF cannot provide me with a copy of the Deed of Trust (i have asked 3 times) does that mean the portfolio went to the group who bought the pooled out the loans. On my copy it states that the trustee is Golden West. If they can’t prove there is a loan in place why should we keep making the payments?

    1. There is an easier way to clear the liens and remove the lender..I also had a world savings loan nightmare .. and they have NO standing and they securitized all their loans and some you wont find info in private or otherwise or at least limited because they closed the remic due to it being paid in full those are under the title of …………………in the Pub 938 this means the security was complete and final and paid in full to its value. This will be why its so hard to find. We have other methods to clear the lien and Give you back GOOD DEED. Removing all liens. Email me at [email protected]

      1. Jacquie — Good for you and God Bless you for the all of the research you have been doing. This world, wachovia, wells fargo is an absolute (as the kids say) HOT MESS!! If you can please send me the info you are referring to, I would greatly appreciate it. I can be emailed at [email protected] Again, thanks so much!!! Shelly

  43. Hey, my husband, Eric, and I have been in foreclosure since March 15th 2010. World to Wachovia to Wells Fargo… We entered into a state mandated mediation program, which, I think, exists to further humiliate the homeowner – but that’s just my opinion. Due to the fact that Eric and I would not/could not comply with a demand by Wells, we ended up in Court – the Judge kicked us out of the courtroom and told us to communicate and basically leave him out of it!! We wrote to the Bank and their Attorneys demanding the CUSIP numbers for the Loan Application, Note and Mortgage Agreement/Deed of Trust. It took over two months to receive the standard copies of Note and Mortgage with the standard … “debt is validated…” stuff. We then received a letter from the Attorneys stating they had been retained by Wachovia to foreclose on us – a bit redundant since this had occurred in March 2010. In the middle of the letter was the sentence (paraphrasing here)… No one in this office has personally reviewed your file at this time…. On October 19th, we received what I thought was an order to appear in Court, but, instead, it was a Notice of Withdrawal by Wells Fargo, with no costs to us due to the fact that we had settled the dispute through discussion!! I don’t think they like me asking for the CUSIP for the application – proof that they never funded the loan (be it World, Wachovia or Wells!) Down the rabbit hole and through the looking glass!! Any thoughts, opinions, ideas?? Sally

    1. Sally – can you please elaborate more on what you sent the Plaintiff’s attorney, etc about demanding the CUSIP numbers etc.
      Do you have an example of what you sent over to them?

      please contact me: [email protected]

      thanks!

      Mike

        1. Dear Sally, Good work! please can i ask you to also send me a copy of your letter? i am a little nervous due to a scheduled sale date 2/18/12 w/ wachovia. and i am trying to gather some facts. thank you! Marsha ( akilleragent1@ hotmail.com

        2. Good evening Sally,

          Can you please send me any info that you have or used to get this title in your name — I also have a divorce nightmare going on anything you could share, I would appreciate it. Please email me at [email protected].. Thanks again.

          1. Hey Shelly, sorry for long delay – been having technical computer/email issues. Do not have title – have to pursue Quiet Title Action here in CT

        3. DEAR SALLY, CAN YOU SEND ME YOUR LETTER? WACHOVIA HAS REFUSED ME TO SEE THE NOTE(PROMISSORY) W. SAID I CAN MAKE A APPOINTMENT TO TRAVEL TO SAN ANTONIO, TX. TO VIEW THE NOTE UNDER GLASS, AND NO COPIES WILL BE MADE. CAN YOU BELIEVE THAT. SALLY WHERE ARE YOU ON YOUR FORECLOSURE? DID YOU WIN? MK

          1. Hey Marsha, I know I had your email address somewhere but send it again and I will send you the CUSIP request letter. I can believe it – they do NOT have the original Note nor Mortgage Agreement/Deed of Trust. They have probably been shredded! I have to pursue Quiet Title with advice from an attorney.

      1. Hey Len, got the CUSIP request info from a great American called John Stuart at http://www.showmetheloan.net. He has some great info and piles of document info on the site including the CUSIP letter under Documents – He has also helped others to incredible success keeping their homes with Notary Complaints – check him out! John is a true American Patriot. I am privileged to know him.

        1. Sally, thank you for the website info. I too am facing foreclosure with Wells, formerly World Savings. I had repeatedly asked for docs, verification of debt, etc. to no avail, except to be told also I could “come to San Antonio to view docs”. I filed a suit for Verification of Debt or Else Release Claim and Quiet Title, and am in the midst of preparing evidence to present to the court. ANy assistance would be much appreciated. Please email me at [email protected]. Thank you in advance.

  44. Looking for psa for WSB loan from Nov 2004. I think it is part of the CUSIP 98153, but can’t seem to find a copy. Can you help?

    1. There is no PSA available as far as I know. The only one publicly available is the one here for World Savings REMIC 12. But it is my opinion that they are all substantially the same.

      Your loan would most likely be in World Savings REMIC 18 (which closed on 5/20/2005), but it could possibly be in World Savings REMIC 17 (which closed on 9/24/2004).

      – Dan

      1. Hi Dan,

        I’m trying to find out my World Savings loan from August 2004. Where do you think it will be? Or can you guide me where I can find out this info?

        Jose

        1. DEar DAn,
          Can you direct me also- my loan was closed in October 2006. I am looking but have not been able to locate it. Will continue to search, any help would be appreciated. Sylvia

  46. Dear Dan Edstrom, i just received info. from wachovia informing me of a trustee sale scheduled for 2/18/2012. i am nervous but i do have some time to prove fraud and save my home. please can you tell me what my remic number is, and any other important info. my loan was created in Oct. 2006 with world savings through a Sacramento Cornerstone R.E. and Mortgage Group, I am a victim of a predatory loan. i have been in my home for 24 years. please any info. would greatly be appreciated. thank you. marsha

    1. MARSHA KILGORE 10/30/2011, 10:29 pm:

      Dear Dan Edstrom, i just received info. from wachovia informing me of a trustee sale scheduled for 2/18/2012. i am nervous but i do have some time to prove fraud and save my home. please can you tell me what my remic number is, and any other important info. my loan was created in Oct. 2006 with world savings through a Sacramento Cornerstone R.E. and Mortgage Group, I am a victim of a predatory loan. i have been in my home for 24 years. please any info. would greatly be appreciated. thank you. marsha
      Reply

      1. HI Sally just getting to email today and getting out answers so look for my reply.. can you send me what you did to date? This will help me get a full picture on what you did and then I can tell you exactly what we can do and the time frame based on what you have done to date there is more than one way to skin a cat like World Savings and being I had one of their loans and used my own situation as a testing ground for all avenues and found what worked and what didnt. I can attest to what works and why and why not as I literally used many avenues and methods to perfect the process and move it along faster than ever.

        1. Hey Jacquie, I believe I emailed you the details some time ago, but have been having major computer/email issues. Can you let me know if you got info? Would love to hear what you think we should do next………

  48. I’m trying to find where my loan is located I have World Savings from August 2004 transfer to Wachovia Mortgage. I have read about different World Savings Remic’s. How and Where can i find this out mine? Can anyone help.

  49. Tim Kiernan 11/8/2011, 10:22 p.m.

    Dear Sally Vollenweider, Did you and your husband act as your own attorney’s in dealing with Wells Fargo? Can you send me an example of what you sent to them regarding the CUSIP numbers for the Loan Application, etc. ? What does the Notice of Withdrawal by Wells Fargo mean? Did they give you a free and clear mortgage or are you paying a reduced payment? Please call me at 305-380-6527 or email me at [email protected]. Our WSB loan closed on 4/21/2006 and is probably in REMIC 24 which i want to locate if anyone can help. Loan#0042576900
    Note amount:$232,500
    Max principal secured by mortgage:$290,625
    Dear Dan, can you send me info. on how a lawyer would contact you to determine who owns our loan.
    Thanks, Tim

  51. Dear Sally,
    First of all im not very smart on all of this, but i do feel somthing
    is not right, Bought home in 1994 fha loan, Texas. financed, 78k,
    payments including escrow roughly 1000-1100, ()always a comma in number),. Ive fallen behind two or three times over the years and got on some program forbearance, modifies, idk, any way, i recently did a modification wich for the first time i felt like they really were trying to help intrest, went from 9.75 down to 5.75, and brought payment down to 859, thats was good until i noticed on my statement my priciple is 92k, still living here, more than 15 years in my home, but i owe more on it now than i did when i bought it??

    1. actually, the day the seller you CONTRACTED with, who GAVE YOU the DEED to the house, which You Used as “collateral” to Loan Yourself money from a lender – is the Day you Owned Your house. Why are you paying anybody anything? All the Lender did was a bookeeping entry. They didn’t actually take MONEY OUT of Their Pockets(depositors accounts) to loan you. They took your Promise to Pay (note) you signed (they didn’t) and “jgwentworthed” it to make money off of YOU. Then, they sold the Servicing rights to somebody else to make More Money off of you. Then, they Collaterallized the Mortgage/Deed in Trust you used as Collateral and lumped it with others to RE-Collaterize as a NEW security, and sold that on Wall St. why are You Paying Them? They’ve already got paid 3x PLUS the BailOut, Plus you are still paying? Why?

    2. Sounds like you have a pick-a-pay loan. If so, look up ASSURANCE with Attorney General’s that was a lawsuit against Wells Fargo and how they’re supposed to be assisting borrowers.

  53. Hi Todd,

    I may be wrong, but it’s probably all the hidden fees that the Banks charge, without the homeowners knowledge. After all, the poor ole bankers have to get their million dollar bonuses each year!

  55. Dear Sally Vollenweider,
    Thank you very much for your CUSIP email. Can you please call me at 305-380-6527 anytime before midnight. If you get a spanish recording please leave a message on the best time to call you. God bless you for all the help you generously give to people. Been told since i cannot find my loan in a remic to go ahead with my hamp application in stead of doing a quiet title action now.
    Sincerely,
    Tim

  56. So, question for everybody. If World, Wachovia, Wells, can’t provide the wet doc that you sign at closing and prove they hold the note and not some group of investers, why should we pay our mortgage?

  58. What a nightmare! I am in Texas and when I got money out of my equity, I got a Texas Equity Loan in 2002 with World Savings and the new loan was $70,000.00. At this time, I have only paid off $6,000.00 in my principal and at this rate it will take over 100 years to pay off my mortgage.

    I applied for HAMP in 2009 after being stalled by Wachovia for many months, I was then informed I didn’t qualify because the Texas Constitution prohibits Texas Equity Loans from being modified. My loan is ALSO a pick-a-pay loan which means I had a choice of 4 payments to make and, of course, always made the lowest payment. The Texas Attorney General’s Office filed an ASSURANCE lawsuit against Wachovia/Wells Fargo in December 2010 stating that “Wells Fargo will offer distressed pick-a-payment mortgage loan borrowers affordable loan modifications which include significant principal forgiveness.” I didn’t qualify because “you have a Texas Equity Loan and it’s against The Texas Constitution.”

    Well……..after being hospitalized 3 times in 2010, I just knew I qualified for EHLP which stated that in order to qualify you couldn’t make more than $75,000.00, the servicer’s attorneys had to have started foreclosure on you, etc., etc., and I qualified for everything. Except now, they tell me I don’t qualify for the EHLP program because my AGI is greater in 2010 than in 2008. grrrrrrrrr, of course it is because I had a lot more deductibles that I had to pay myself in 2008 and 2009 and it wasn’t until 2010 that I got on a medical assistance program. I call BS to the way this one was handled.

    Now Wells Fargo is having to review all the paperwork of the people that were either foreclosed on, started to be foreclosed on, or made extra payments to catch up on their mortgages in 2009 and 2010. Well, who is hiring the people to do this investigating? The banks! This is another joke.

    I spoke with the Attorney General’s Office and they said that my modification has nothing to do with the Texas Constitution and today I spoke with the OCC who also said “Yeah, all the major banks tried pulling that but it’s not true.”

    I had the opportunity to get 3rd party assistance for January and February Mortgage but it took over 38 days for Wachovia to fax a signed W-9 back to the 3rd party and meanwhile, they started foreclosure on me the “day before they received the W-9” even though I had been on the phone hourly every day to find out where it was and how to get it signed correctly and sent back to the correct place.

    The AG’s Office said “You need an Attorney” and the OCC’s Office told me today “You need an Attorney.” How the hell can I afford an attorney when I am making 1/2 of what I made in 2007? I am an apartment locator and work from my home and because of all the foreclosures, people have filled up the apartments and when the apartments are full, the complexes pay locators 1/4th of what they used to……

    Okay, I’ve spoken about this to hopefully someone who can make a suggestion to me. Wachovia called me Friday with the normal “When can you and why haven’t you paid” and Wells Fargo called me twice today with the same bs.

    I am single, 58, and can’t afford to lose my home and go rent somewhere else where the rent will be as high as my mortgage is now! My loan is at 8.10% and now my credit sucks. ANY help is appreciated and I can be reached at [email protected]

    Thank you,

    TexasApts in Austin, Texas

  59. Does anyone have anything notarized in their foreclosure action or case by a “Michael Dolan?” We believe that he is a robosigner. To date we have collected 7 of his signatures and they are all somewhat different.
    We need to get about 10 more to have a complete forensic examination done and this couls indeed benefit anyone with a World / Wachovia / Wells Fargo foreclosure case where Michael Dolan signed an affidavit or any other document.

    Please contact me: [email protected]

  60. Question for anybody.
    I just went through the HAMP and was granted a lower payment at 2% for 5 yrs 3% for the next 5 yrs and 4% for the next 20yrs. In 2005 when I bought this house it was apraised for 599k, and i signed the papers. Now World had it apraised and the value is 342K. My loan balance is 478K which they are figuring out my payment from 31% of my gross income. That does not make any sense, I do not keep the gross income our uncle Sam gets part of that, are they stupid!! Im still having a hard time making the monthly.

    Anybody have any luck with balance reductions.

    1. Hi Mike:

      I was just curious if you have been getting help from this blog from anyone that puts information on this site or if you are getting emails only? I see where you ask questions but I don’t see the responces. I would just like to know if and how anyone has cleared their loan with World/Wachovia/Wells.

      I applied for the EHLP too (besides the other programs) AND the statement they sent out to everyone says that in order to qualify, you have to a: make less than $75,000.00, etc. I qualified for all of their requirements but when it came to getting approved, they said that I made too much money?!?!? Yeah, I had more deductions in 2008 and 2009 because I didn’t have medical assistance at that time. So, even though I made less in 2010 than 2009 and less in 2009 than I made in 2008, they are saying the qualifications are off of my AGI on my taxes.

      I now probably have 6 reems worth of print outs and paperwork on information about my loan that I have been reading and trying to undersatnd since 2009!

      Anyone else know of a GOOD ATTORNEY in the Austin metro area that knows something about this as I don’t see our Tx. AG’s Office doing much about it like the other AG’s are doing in the other states.

  61. Question for anyone – It looks as though pursuing a securitization audit and discovery may be beneficial in the judicial states, But in California the courts seem to be deciding that banks don’t need to show notes or assignments of any kind. Did anyone see this judgement back in September?

    http://www.houser-law.com/pdf/Calvo-Article-10-5-11.pdf

    Is this is as bad as it looks to me (a lay person)?

  62. Am I missing something here on this blog? Has ANYONE been assisted with getting their loans adjusted or is anyone been able to breath comfortably yet? All I see is some people offering other people’s web sites and/or to email them. Isn’t this site to help everyone?

    I have not paid a mortgage in over 12 months now (they wouldn’t accept partial payment) so I am sure the sale date will be coming soon.

    Do we all just have to hire our own attorneys?

  63. Has anyone talked to Attorney Steven Vondran about his loan mod services? According to his website he is specializing in World/Wells mods and sends them direct to WF attorneys that he works closely with. He takes no money up front and you pay only if you are offered a mod and agree to sign it. Anyone heard of him?

  64. Dear Dan, I need your help. Can you direct me to where I can locate my loan? world savings closed Oct.31st. 2006 Paperwork has Golden West in Oakland, Ca. Thank you! Marty

  65. Hi Jacquie,
    Was going to request more info from you, and now, I see you listed your email address. I’m going up against Wells Fargo (World Savings originally). Preparing stuff for court. Any pointers/help etc is much appreciated. They were released from Stay (I had filed Ch 13 to buy time) last Tuesday and their atty said he would move to dismiss my case within 10 days. Thanks in advance for any help. [email protected]

  66. Hello.
    I have a World pick a pay laon that closed in July 2006.
    It was probably placed in World Savings REMIC25.
    Moody’s rated and continues to rate this pool.
    CUSIP 98153TAA3 closed 9/26/2006
    Bloomberg verified on phone they had original prospectus and psa but I would have to sign 2 year contract at 1970 a month..
    Can anybody help me??
    [email protected]

    1. Thats the problem, its propriety software, you can get an affadavit from a securitization expert that has access to such software, but he can’t printout the results.

  67. My loan is probably tied to

    World Savings REMIC 24
    8/28/2006
    CUSIP 98151BAA4

    93117
    My zip code
    7/18/2006 close date of my refinance
    772,000 original loan amount
    925,000 amount on note (125% of original loan)

    PLEASE ANY HELP WITH INFO
    SOO Appreciated…..

    xoxoxo 🙂

  69. Wells Sent me a very detailed
    Liam history randomly for
    My World Savinfs Loan
    It was Wachovia print out for 2010 and
    It appears to have a Wachovua lian number that
    I might be able to locate in Wachovia
    Remic or PSA.
    Will have to spend some time..
    Very detailed statement with codes relating to interest paid
    To Pool..you should all ask Wells to send
    Detailed Loan History Print outs for each of the years your loan
    Supposedly existed..ask them to include
    REMIC/Cusips and everything..
    I have asked them to send me
    Every year loan history details..
    I honestly don’t think they meant to send me what
    They did..but we shall see…..has anyone else had any further luck with anything??

  70. PS sorry for the misspells.
    Long day, bad eyes and iPhone that changes my words!!

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