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TheStreet Open House

Wells Fargo To Help Customers Facing Mortgage Payment Challenges At Home Preservation Workshops In Nine Cities

Wells Fargo & Company (NYSE: WFC), the nation’s largest home mortgage lender, today announced plans to host nine Home Preservation Workshops for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo will invite thousands of customers who may be experiencing mortgage payment challenges to the free workshops. Parking is free.

Upcoming Wells Fargo Home Preservation Workshops

Wells Fargo will host workshops in the following cities:

  • Portland, Ore. (January 17)
  • Las Vegas (January 25)
  • Oakland (February, 13)
  • Sacramento (February 22)
  • Los Angeles (March 7; registration opens January 28)
  • San Diego (March 21; registration opens February 11)
  • Ontario, Calif. (April 10, registration opens March 4)
  • Phoenix (April 23, registration opens March 19)
  • Stockton, Calif. (May 16, registration opens April 8)

How to register for a Wells Fargo Home Preservation Workshop

Walk-ins are welcome although registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative. Customers should register at www.wfhmevents.com/leadingthewayhome or call 1-800-405-8067 for more information.

“Although less than 2 percent of homeowner-occupied loans in our servicing portfolio have resulted in foreclosure sale over the past year, helping struggling mortgage customers find options to help them stay in their homes is a top priority,” said Joe Ohayon, Wells Fargo’s senior vice president of Community Outreach with Wells Fargo Home Mortgage. “These workshops provide Wells Fargo home mortgage customers with the opportunity to meet face-to-face with our home preservation specialists to discuss options available to help them keep their homes and avoid foreclosure.”

Where possible, borrowers will receive a decision on a workout, loan modification, or other options, on site or shortly following the workshop. From 2009 through 2012, Wells Fargo hosted 82 such workshops across the country where more than 40,000 customers facing payment challenges attended. Many customers received modifications or other loan workouts to help them keep their homes and avoid foreclosure.

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