Wells Fargo invites Washington homeowners to a free workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships on July 7 and 8 at the Hyatt Regency Bellevue Ballroom, 900 Bellevue Way NE, Bellevue from 9 a.m. to 7 p.m. Walk-ins are welcome, but registration is strongly recommended in order to guarantee the ability to meet with home retention team members who will assist and work one-on-one with mortgage customers facing payment challenges. Borrowers may receive a decision on a loan modification, or other option, on site. Sign up by midnight, July 5, at www.wfhmevents.com/leadingthewayhome. For more information call (800) 405-8067.
Wells Fargo is making every effort to keep people in their homes. In the first quarter about 93 percent of Wells Fargo’s mortgage customers remained current on their loan payments. In the fourth quarter of 2010, the company’s combined delinquency and foreclosure rates were three-fourths that of the industry according to Inside Mortgage Finance.
As of April the company had 673,179 active trial and completed modifications, started since the beginning of 2009. Fewer 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.