Wells Fargo Hosts Workshop for Customers Facing Mortgage Payment Challenges

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    June 1, 2011 01:54 UTC

    Wells Fargo Hosts Workshop for Customers Facing Mortgage Payment
    Challenges

    Customers Encouraged to Attend Pasadena or Irvine Workshops

    –(BUSINESS WIRE)–
    In response to the continued challenging economy, Wells Fargo will be
    hosting two local Home Preservation Workshops to help Southern
    California Wells Fargo or Wachovia customers who may be facing financial
    hardships. Borrowers will be able to meet face to face with home
    retention team members in an effort to obtain a loan modification or
    other home preservation option.

    Event 1:

    Pasadena Convention Center ? Halls A & B

    300 East Green Street, Pasadena
    June 8 ? 9, 2011, 9 a.m. to 7 p.m.
    ?

    Event 2:

    Hyatt Regency Irvine ? Salons A-B

    17900 Jamboree Road, Irvine
    June 22 ? 23, 2011, 9 a.m. to 7 p.m.
    ?
    Bilingual representatives will be available to assist borrowers.
    ?
    ?

    REGISTER:

    Online at www.wfhmevents.com/leadingthewayhome,
    or call 1-800-405-8067, M-F, 6 a.m. ? 3 p.m., PST.

    ?

    WHY:

    Wells Fargo is making every effort to keep people in their homes
    through the federal Home Affordable Modification Program (HAMP) and
    the company?s own modification programs focused on mortgage payment
    relief.
    ?
    As of March 31, Wells Fargo modified 665,000 mortgage loans since
    the beginning of 2009 ? 85 percent were done through Wells Fargo?s
    own modification programs outside of HAMP.
    ?
    Ninety-two percent of Wells Fargo?s mortgage customers remain
    current on their loan payments and the company?s delinquency and
    foreclosure rates are three-fourths that of the industry. As a
    result, fewer than 2 percent of the loans secured by owner-occupied
    homes and serviced by Wells Fargo proceeded to a foreclosure sale in
    the last 12 months.
    ?

    About Wells Fargo

    Wells Fargo Home Mortgage is the nation?s leading mortgage lender and
    services one of every six mortgage loans in the nation. A division of
    Wells Fargo Bank, N.A., it has a national presence in mortgage stores
    and banking stores, and also serves the home financing needs of
    customers nationwide through its call centers, Internet presence and
    third-party production channels.

    Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
    community-based financial services company with $1.2 trillion in assets.
    Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
    banking, insurance, investments, mortgage, and consumer and commercial
    finance through more than 9,000 stores, 12,000 ATMs, the Internet
    (wellsfargo.com and wachovia.com), and other distribution channels
    across North America and internationally. With approximately 280,000
    team members, Wells Fargo serves one in three households in America.
    Wells Fargo & Company was ranked No. 19 on Fortune?s 2010
    rankings of America?s largest corporations. Wells Fargo?s vision is to
    satisfy all our customers? financial needs and help them succeed
    financially.

    Contacts

    Wells Fargo
    Pia Hahn, 213-253-3295 (office) or 213-247-4527
    (mobile)
    pia.hahn@wellsfargo.com

    Source: Wells Fargo