Have a World Savings Bank Loan?

Here is some information that may be helpful if you're involved in a foreclosure with World Savings Bank.

Reprinted from DTC Systems.


World Savings Bank and Fannie Mae Securitizations

By Daniel Edstrom  DTC Systems, Inc.

We have already shown that World Savings Bank securitized commercial and residential loans.  See the following posts:


http://dtc-systems.net/2010/12/world-savings-bank-living-legacy-subprime-crisis/


http://dtc-systems.net/2011/03/world-savings-bank-loans-were-securitizated/


http://dtc-systems.net/2011/06/internal-revenue-service-publication-938-remics-reporting-information/


http://dtc-systems.net/2011/12/world-savings-bank-wells-fargo-admits-loans-securitized/


http://dtc-systems.net/2012/02/androes-world-savings-bank-lien-avoided-kansas-bankruptcy-february-2008/

Now we show that World Savings securitized multi-family housing into Fannie Mae pools.  These “pools” are REMICs.  This deal contains 9 multi-family properties with fixed rate balloon loans.  That’s right – no option ARM loans, which is what World Savings Bank is known for.


Download part 1 of the Trust Indenture here: http://dtc-systems.net/wp-content/uploads/2012/03/1-FixedRate_TrustIndenture_Part_1_1982_last_updated_1987.pdf


Download part 2 of the Trust Indenture here: http://dtc-systems.net/wp-content/uploads/2012/03/2-FixedRate_TrustIndenture_Part_2_1982_last_updated_1987.pdf


Download the Prospectus here: http://dtc-systems.net/wp-content/uploads/2012/03/3-Prospectus_2003_09_01.pdf


Download the Prospectus Supplement here: http://dtc-systems.net/wp-content/uploads/2012/03/4-Prospectus_Supplement_1_2003_09_01.pdf


Download the Prospectus Supplement Pool Statistics here: http://dtc-systems.net/wp-content/uploads/2012/03/5-Prospectus_Supplement_Pool_Statistics_2003_09_01.pdf


Download the Pool Loan Schedule here: http://dtc-systems.net/wp-content/uploads/2012/03/6-Pool_Loan_Schedule.pdf

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