Wells Fargo Announces Workshop To Help Southern Nevadans Facing Mortgage Payment Challenges

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 58 th 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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