WASHINGTON--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today that it is hosting a free Home Preservation Workshop in the Washington metropolitan region for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited nearly 16,000 mortgage customers to the Washington metropolitan region workshop scheduled for October 20-21, from 9 a.m. – 7 p.m., at the Gaylord National Hotel & Convention Center, Prince George's Exhibition Hall, 201 Waterfront St. in National Harbor, MD.
How to register for Wells Fargo’s Washington Metropolitan 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, Oct. 18 at www.wfhmevents.com/leadingthewayhome. For more information call 1-800-405-8067.
Approximately 100 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). Since September 2009, Wells Fargo has met with more than 26,500 customers at the 42 Home Preservation Workshops, held to date. In January 2010, Wells Fargo hosted one of its first Home Preservation Workshop in Baltimore, where Wells Fargo home retention specialists met one-on-one with more than 750 homeowners facing mortgage payment challenges.
“Wells Fargo wants to help its customers succeed financially and keeping them in their homes is a top priority,” said Marie Day, Wells Fargo’s regional servicing director. “This workshop offers Wells Fargo and Wachovia home mortgage customers, who are faced with payment challenges, the opportunity to meet face-to-face with our home retention specialists to explore and discuss the options available for them.”
Upcoming 2011 Home Preservation Workshops
Following Washington metropolitan, Wells Fargo’s next five Home Preservation Workshops are scheduled in:
* Jacksonville, FL (Nov. 1-2)
* San Antonio, TX (Nov. 9)
* Ft. Myers, FL (Nov. 16-17)
* Ft. Lauderdale, FL (Dec. 7-8)
* Charlotte, NC (Dec. 15)
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 August 2011, the company had 716,945 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 1.5 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 7.44 percent of the first mortgage and home equity loans Wells Fargo services were past due or in foreclosure in the second quarter of 2011 compared to an industry average of 10.58 percent, according to the Sept. 2 edition of Inside Mortgage Finance. 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.