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). About 75 Wells Fargo home preservation specialist team members, including bilingual specialists, will be on hand at the upcoming workshop to assist customers.This is the second large-scale Home Preservation Workshop Wells Fargo has hosted in the Jacksonville area and is the 77 th the company has hosted since September 2009; Jacksonville’s first workshop was held in November of 2011. The Jacksonville event will be the 27th workshop hosted by Wells Fargo in 2012. The company has met with more than 37,000 customers at its workshops since September 2009 nationwide. Other upcoming Wells Fargo Home Preservation Workshops in Florida include Tampa (October 18), Orlando (November 14), and Sarasota, FL (November 29), West Palm Beach (December 6), and Miami (December 12 & 13). Customers facing mortgage payment difficulties also can 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 second quarter of 2012, more than 93 percent of Wells Fargo’s mortgage customers nationwide remained current on their loan payments.
- From January 2009 through July 31, 2012, Wells Fargo has modified 792,602 mortgage loans. 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 second quarter in 2012, Wells Fargo’s delinquency and foreclosure rates remain significantly below the industry average.
- Less than 2 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 7.14 percent of the first mortgage and home equity loans Wells Fargo services were past due or in foreclosure in the second quarter of 2012 compared to an industry average of 11.37 percent. Wells Fargo’s totals are down from a peak of 8.96 percent in the fourth quarter of 2009.