Wells Fargo Hosting Workshop on January 12 and 13 in Secaucus for Customers Facing Mortgage Payment Challenges

SUMMIT, N.J.--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) is inviting area homeowners to a free home preservation workshop January 12 and 13 from 9 a.m. to 7 p.m. in Secaucus at the Meadowlands Exhibition Center for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. Bilingual representatives will be available to assist borrowers 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. For those unable to attend the Secaucus workshop on either day another will be held January 25 and 26 from 9 a.m. to 7 p.m. at the New York Marriott at Brooklyn Bridge in Brooklyn.

Over the two days, more than 200 home retention team members will be available to meet with customers to confidentially discuss with them their financial concerns and options. Plus, customers will find out about their eligibility for programs that may help them keep their homes — like a loan modification under the government’s Home Affordable Modification Program (HAMP).

Customers should sign up by Jan. 10 for the Secaucus workshop – and Jan. 23 for the Brooklyn workshop at www.wfhmevents.com/leadingthewayhome. For more information call 1-800-405-8067.

Since January 2009 through the end of November 2010, Wells Fargo has modified 600,629 mortgage loans – of which 86 percent (or 515,568 mortgages) were done outside of HAMP. In the third quarter of 2010, about 92 percent of Wells Fargo’s mortgage customers remained current on their loan payments and the company’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 $1.2 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 more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

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Media:
Kevin Friedlander, 908-598-3907 (ph)
908-907-1317 (cell)
New York/New Jersey
kevin.friedlander@wellsfargo.com
or
Fran Durst, 908-598-3062 (ph)
908-377-4005 (cell)
New York/New Jersey
fran.durst@wellsfargo.com

Source: Wells Fargo & Company