More than 13,400 Homeowners Invited to Free Event Sept. 13
LANDOVER, MD -- Wells Fargo & Company is hosting a free Home Preservation Workshop for Prince George's County Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships.
Wells Fargo has invited more than 13,400 mortgage customers to the free workshop which will be held on Thursday, Sept. 13, from 9 a.m. to 7 p.m., at the Prince George's Sports & Learning Center, 8001 Sheriff Road in Landover. Attendance and parking are free.
"Although less than 2 percent of homeowner-occupied loans in our servicing portfolio have resulted in foreclosure sale over the past year, we understand that some of our customers are going through difficult times during this economic recovery," said Marie Day, Wells Fargo Home Mortgage regional servicing director. "During this free workshop Wells Fargo Home Mortgage customers, who are faced with payment challenges, will have the opportunity to meet face-to-face with our home preservation specialists to explore the options available to them. Our goal with this workshop is to help as many people as possible preserve homeownership."
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.
While Wells Fargo has participated in several home preservation events locally to provide assistance for its Prince George's County-based customers, this is the first Home Preservation Workshop Wells Fargo has hosted in Landover and the 74th the company has hosted since September 2009.
The Prince George's County event will be the 24th workshop Wells Fargo has hosted in 2012. Wells Fargo has met with more than 37,000 customers at 70 Home Preservation Workshops since September 2009 nationwide.
About Wells Fargo's 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 June 30, 2012, Wells Fargo has modified 781,099 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.
Walk-ins are welcome, though registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative. Sign up by Tuesday, Sept. 11 at www.wfhmevents.com/leadingthewayhome.
For more information call 1-800-405-8067. Customers facing mortgage payment difficulties also can call 1-800-678-7986 for more information about potential options to avoid foreclosure.
