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Wells Fargo to Help Las Vegas Area Mortgage Customers Facing Payment Challenges

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^{Published in Business and Finance on Wednesday, May 11th 2011 at 9:05 GMT by Market Wire}  

LAS VEGAS--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) announced today it is hosting a Home Preservation Workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships.The two-day workshop a" to which Wells Fargo has invited Las Vegas and surrounding area homeowners who have been hard hit by the challenging economy a" will take place May 25 and 26, from 9 a.m. to 7 p.m. at the Tropicana Conference Center located at 3801 Las Vegas Boulevard South in Las Vegas.

"Homeowners facing mortgage challenges or financial hardships will have the opportunity to meet face to face with a representative who can help find options available for them."

aOur goal is to help our customers succeed financially and helping them remain in their homes is a top priority,a said Nevada Regional President Kirk Clausen. aHomeowners facing mortgage challenges or financial hardships will have the opportunity to meet face to face with a representative who can help find options available for them.a

Nearly 100 homeretention team members will be available to work one-on-one with mortgage customers facing payment challenges. Bilingual representatives will be available to assist borrowers during the event. In many cases, borrowers may receive a decision on a loan modification or other option, on site or shortly following the workshop. Options include the federal governmenta™s Home Affordable ModificationProgram (HAMP) and Wells Fargoa™s own loan modification program.

This is the 27^th Home Preservation Workshop Wells Fargo has conducted throughout the country since it first starting hosting them in 2009. Over 20,000 customers have been assisted at these events. Wells Fargo hosted a similar event in Las Vegas and met with nearly 800 Nevada customers in 2010. Thirty Home Preservation Workshops have been planned in hard-hit communities across the country in 2011.

How to register

Walk-ins are welcome, but registration is strongly recommended in order to guarantee your ability to meet with a representative. Sign up by May 23 at [ www.wfhmevents.com/leadingthewayhome ]. For more information call 1-800-405-8067.

About Wells Fargoa™s loan modification efforts

Wells Fargo is making every effort to keep people in their homes through the federal Home Affordable Modification Program (HAMP) and the companya™s own modification programs focused on mortgage payment relief. As of Mar. 31, 2011, Wells Fargo modified 664,195 mortgage loans since the beginning of 2009 a" of which 86 percent (or 568,548 mortgages) were done outside of HAMP.

Ninety-three percent of Wells Fargoa™s mortgage customers remain current on their loan payments and the companya™s delinquency and foreclosure rates were three-fourths that of the industry. As a result, fewer 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 $1.2 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. 23 on Fortunea™s 2011 rankings of Americaa™s largest corporations. Wells Fargoa™s vision is to satisfy all our customersa™ financial needs and help them succeed financially.