Wells Fargo Hosts Workshop for Customers Facing Mortgage Payment
Customers Encouraged to Attend Pasadena or Irvine Workshops
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.
Pasadena Convention Center – Halls A & B
|300 East Green Street, Pasadena|
|June 8 – 9, 2011, 9 a.m. to 7 p.m.|
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.|
Online at www.wfhmevents.com/leadingthewayhome,
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
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
Pia Hahn, 213-253-3295 (office) or 213-247-4527
Source: Wells Fargo