ATLANTA--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today it is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited nearly 9,500 mortgage customers to the Atlanta workshop scheduled September 8-9, from 9 a.m. – 7 p.m., at the Georgia World Congress Center, Exhibit Hall A2, located at 285 Andrew Young International in Atlanta.
How to register for Wells Fargo’s Atlanta Home Preservation Workshop
Walk-ins are welcome, but registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative. Sign up by Tuesday, Sept. 6 at www.wfhmevents.com/leadingthewayhome. For more information call 1-800-405-8067.
In Atlanta, Wells Fargo hosted one of its first-ever Home Preservation Workshops in October 2009, where Wells Fargo home retention specialists met one-on-one with 2,663 homeowners facing mortgage payment challenges. About 150 Wells Fargo home retention team members – including bilingual specialists – will be on hand at the upcoming workshop to work with customers. Where possible, borrowers will receive a decision on a workout, loan modification, or other options, on site or shortly following the workshop. Options include Wells Fargo’s own loan modification program and the federal government’s Home Affordable Modification Program (HAMP). Wells Fargo has met with more than 24,000 customers at its 38 Home Preservation Workshops since the first one in Sept. 2009.
“Wells Fargo wants our customers to succeed financially, and helping struggling homeowners stay in their homes is a top priority,” said Hugh Rowden, Wells Fargo’s regional servicing director based in Atlanta. “This workshop will offer homeowners facing payment challenges the opportunity to explore options available for them.”
Upcoming 2011 Home Preservation Workshops
Following Atlanta, Wells Fargo’s next 10 Home Preservation Workshops are scheduled in:
| * Nashville, TN (Sept. 15) | * Jacksonville, FL (Nov. 1-2) | ||||
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* Orlando, FL (Sept. 22-23) |
* San Antonio, TX (Nov. 9) | ||||
| * Philadelphia, PA (Oct. 5-6) | * Ft. Myers, FL (Nov. 16-17) | ||||
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* Kansas City, MO (Oct. 11) |
* Ft. Lauderdale, FL (Dec. 7-8) | ||||
| * Washington, DC (Oct. 20-21) |
* Charlotte, NC (Dec. 15) |
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About Wells Fargo’s Home Loans
- Wells Fargo originates one in every four home loans in the country, and services one of every six.
- In the second quarter of 2011, about 93 percent of Wells Fargo’s mortgage customers remained current on their loan payments.
- January 2009 through July 2011, the company had 704,869 active trial and completed modifications. Of those modifications, 85 percent were done through Wells Fargo’s own modification programs and 15 percent were through the federal government’s Home Affordable Modification Program (HAMP).
- As of the second quarter in 2011, Wells Fargo’s delinquency and foreclosure rates remain significantly below the industry average.
- Fewer than 2 percent of the loans secured by owner-occupied homes and serviced by Wells Fargo resulted in a foreclosure sale in the last 12 months.
- Just 7.22 percent of the first mortgage and home equity loans Wells Fargo services were past due or in foreclosure in the first quarter of 2011 compared to an industry average of 10.27 percent, according to the May 27 issue of Inside Mortgage Finance, and Wells Fargo’s totals are down from a peak of 8.96 percent in the fourth quarter of 2009.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.