TUCSON, Ariz.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) is hosting a free Home Preservation Workshop in Tucson for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited more than 2,800 mortgage customers in the Tucson area to the free workshop which will be held on Tuesday, April 3, 2012, from 9 a.m. – 7 p.m., at the Tucson Convention Center, Exhibit Hall A, 260 South Church Ave. Parking is free.
How to register for Wells Fargo’s Tucson 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 Sunday, April 1 at www.wfhmevents.com/leadingthewayhome. For more information call 1-800-405-8067.
“Wells Fargo wants our customers to succeed financially and helping struggling borrowers find the options to help them stay in their homes in this difficult economy is a top priority,” said Misha Patel Terrazas, Wells Fargo Community Banking President for Southern Arizona. “This workshop gives Wells Fargo home mortgage customers who are faced with payment challenges the opportunity to meet face-to-face with our home preservation specialists to explore and discuss the options available for them.”
Wells Fargo home retention team members – including bilingual specialists – will be on hand at the upcoming workshop to assist 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). This will be the 10th scheduled workshop Wells Fargo will host in 2012. Wells Fargo has met with more than 33,500 customers at 58 Home Preservation Workshops since Sept. 2009.
Following the Tucson Home Preservation Workshop, Wells Fargo will hold the next workshop of 2012 in Phoenix on April 25.
Customers across the country facing mortgage payment difficulties can also call 1-800-678-7986 for more information about potential options to avoid foreclosure.
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 fourth quarter 2011, more than 92 percent of Wells Fargo’s mortgage customers remained current on their loan payments as of January 31.
- From January 2009 through January 2012, the company had 733,180 active trial and completed modifications. Of those modifications, 84 percent were done through Wells Fargo’s own modification programs and 16 percent were through the federal government’s Home Affordable Modification Program (HAMP).
- As of the fourth quarter in 2011, Wells Fargo’s delinquency and foreclosure rates remain significantly below the industry average.
- Less than 2.0 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 7.96 percent of the first mortgage and home equity loans Wells Fargo services were past due or in foreclosure in the third quarter of 2011 compared to an industry average of 10.88 percent. Wells Fargo’s totals are down from a peak of 8.96 percent in the fourth quarter of 2009.
About Wells Fargo
In Arizona, Wells Fargo has 14,000 team members and 261 stores. 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 other distribution channels across North America and internationally. With more than 270,000 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.