Wells Fargo Announces Workshop to Help Southern Nevadans Facing Mortgage Payment Challenges
March 15 2012 - 3:14PM
Business Wire
Wells Fargo & Company (NYSE: WFC) is hosting a free Home
Preservation Workshop in Las Vegas for Wells Fargo Home Mortgage,
Wells Fargo Financial, and Wells Fargo Home Equity customers facing
financial hardships. Wells Fargo has invited more than 3,000
mortgage customers in Southern Nevada to the free workshop which
will be held on Wednesday, March 21 from 9 a.m. to 7 p.m., at the
Las Vegas Hotel & Casino (formerly the Las Vegas Hilton)
located at 3000 Paradise Road. The workshop will be held inside of
the Paradise North and Paradise South ballrooms. Parking is
free.
Walk-ins are welcome, but registration is strongly recommended
in order to guarantee the ability to meet one-on-one with a
representative. Customers can sign up at
www.wfhmevents.com/leadingthewayhome. For more information they can
call 1-800-405-8067.
“Wells Fargo wants our customers to succeed financially and
helping struggling borrowers find the options to help families stay
in their homes in this difficult economy is a top priority,” said
Kirk Clausen, Wells Fargo’s Nevada regional president. “This
workshop gives Wells Fargo and Wachovia 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.”
Since July 2010, this is the third Wells Fargo Home Preservation
Workshop to take place in Las Vegas.
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). Wells Fargo has met with more than
33,000 customers at 57 Home Preservation Workshops since Sept.
2009. Las Vegas will be Wells Fargo’s 58th such workshop since
Sept. 2009.
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 Home
Loans
- Wells Fargo originates one in every
four home loans in the country, and services one of every six.
- In the fourth quarter of 2011, more
than 92 percent of Wells Fargo’s mortgage customers remained
current on their loan payments.
- Since 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.
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 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. Wells
Fargo Bank, NA is an equal opportunity housing lender.
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