Wachovia

They move quickly in most cases. I believe part of reason for Wachovia's speed is their recognition of challenges in the real estate market. The view from here is that Wachovia really gets it. You typically have a single point of contact. Wachovia has used the localized approach for much of their REO portfolio, and we believe that has helped them better understand how tough things are at the street level. Speaking of tough, that is the best way to describe Wachovia on value issues. Don't send Wachovia a deal based on a wholesale price and expect a favorable outcome - and that is as it should be. Most times, when Wachovia responds to a file, the focus is on the 'net proceeds' number. So, look your deal over closely before you conclude that you have, or don't have, a deal. They are particularly aggressive with the World Savings Portfolio that was integrated into the Wachovia portfolio. Look at the original Deed Trust to see if you have a World Savings loan.