Business & Finance
Business and Finance
Business and Finance
Thu, January 20, 2011 Wells Fargo Customers Facing Mortgage Payment Challenges Invited to Attend a Brooklyn Seminar Offering One-on-One Consultation
NEW YORK--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) has invited thousands of area homeowners to attend an event offering one-on-one consultation sessions for customers who are facing financial hardships and might have problems paying their mortgages. Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships can schedule appointments on either January 25 or 26 between 9 a.m. to 7 p.m. at the New York Marriott at Brooklyn Bridge in Brooklyn. Bilingual representatives are available to assist customers during the event. Walk-ins are welcome, but registration is strongly recommended to guarantee customers the opportunity to meet in-person and one-on-one with a representative. Customers should sign up by Jan. 23 for the Brooklyn workshop at [ www.wfhmevents.com/leadingthewayhome ]. For more information call 1-800-405-8067.
"This workshop is another example of our efforts to reach out to homeowners facing payment challenges and provide answers on the options available for them."
aWells Fargo is committed to helping people stay in their homes,a said Joe Kirk, Wells Fargoa™s New York and Connecticut regional president. aThis workshop is another example of our efforts to reach out to homeowners facing payment challenges and provide answers on the options available for them.a
Over the two days, more than 100 home retention team members will be available to meet with customers to confidentially discuss with them their financial situation and potential options. Plus, customers can find out about their eligibility for programs a" like the governmenta™s Home Affordable Modification Program (HAMP) a" that may help keep homeowners facing financial challenges in their homes. Customers should bring all of their home mortgage documents, recent pay stubs, tax returns, bank statements and everything they would if they were applying for a home loan.
Since January 2009 through the end of November 2010, Wells Fargo has modified 600,629 mortgage loans a" of which 86 percent (or 515,568 mortgages) were done outside of HAMP. In the third quarter of 2010, about 92 percent of Wells Fargoa™s mortgage customers remained current on their loan payments and the companya™s delinquency and foreclosure rates were three-fourths that of the industry, according to data published by Inside Mortgage Finance. As a result, less 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 & 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 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortunea™s 2009 rankings of Americaa™s largest corporations. Wells Fargoa™s vision is to satisfy all our customersa™ financial needs and help them succeed financially.
