Wells Fargo CityLIFT Program to Help Eligible Homebuyers With $15,000 in Down Payment Assistance Grants to Buy and Live in the

  Wells Fargo CityLIFT Program to Help Eligible Homebuyers With $15,000 in
  Down Payment Assistance Grants to Buy and Live in the City of Baltimore

  *$4.5 million effort funded by Wells Fargo in collaboration with the City
    of Baltimore, NeighborWorks America and Neighborhood Housing Services of
    Baltimore includes homebuyer education and an opportunity to qualify for
    $15,000 in down payment assistance
  *$1 million of the down payment assistance funds will be available
    immediately for eligible homebuyers who complete a homebuyer education
    course and have a purchase contract to buy a home in the city of Baltimore
  *Wells Fargo to host a homebuyer event April 5-6 where prospective
    Baltimore homebuyers can apply for remaining $3.5 million in down payment
    assistance grants

Business Wire

BALTIMORE -- January 7, 2013

Wells Fargo & Company (NYSE: WFC), one of America’s leading community banks
and the nation’s largest home mortgage lender; NeighborWorks America, a
national organization which creates opportunities for people to live in
affordable homes; and its affiliate Neighborhood Housing Services of Baltimore
today announced a $4.5 million public-private collaboration with the City of
Baltimore that will provide $15,000 down payment assistance grants to eligible
Baltimore homebuyers through the CityLIFT^SM program which will be rolled out
in two phases.

The first phase of the Baltimore CityLIFT^SM program includes $1 million that
is immediately available in the form of $15,000 down payment assistance grants
for prospective homebuyers who meet eligibility requirements, complete a
homebuyer education course, and have a signed contract to purchase a home in
the city of Baltimore and who meet income guidelines.

The second phase starts with a Wells Fargo homebuyer event on April 5-6, 2013
where prospective homebuyers can apply for the remaining funds in the form of
down payment assistance grants. No purchase of sale contract is required to
apply, but eligible homeowners must be mortgage ready, be able to complete
8-hour homebuyer education class and close on a home within 90 days.

“This collaboration with Wells Fargo and local nonprofits will help Baltimore
residents achieve the American dream of homeownership by offering financial
support, as well as the resources to help them make successful investment
decisions,” said Mayor Rawlings-Blake. “The CityLIFT Program supports ongoing
efforts like Vacants to Value by creating new opportunities for families to
live in great neighborhoods. We appreciate Wells Fargo for supporting our
effort to grow Baltimore City by 10,000 families in the next 10 years.”

Baltimore is one of 20 cities that will benefit from a total of $170 million
Wells Fargo has committed through its LIFT ^  programs  (including
NeighborhoodLIFT^SM and CityLIFT^SM) to support sustainable housing in cities
affected by the economic downturn.

“Today, despite low home prices and historically low interest rates, many
families are still unable to purchase a home because they struggle with making
the down payment,” said Andy Bertamini, Wells Fargo’s Regional President for
Maryland. “The CityLIFT program will help address this issue for homebuyers by
providing down payment assistance and will help them achieve successful

“A $15,000 down payment grant will significantly lower a buyer’s monthly
payment, and enable them to start life in their new home with more disposable
income,” said Deborah Boatright, NeighborWorks America’s Northeast Regional
Director. “And the 8-hour homebuyer education class, conducted according to
national industry standards, assures that each homeowner will be well-
prepared to navigate the homebuying process, and make good choices for
themselves and their families.”

Down payment assistance of $15,000 is available to those who qualify, buy and
then reside in a home in the city of Baltimore. The down payment assistance
may be applied to mortgage purchase loans with any lender as long as
applicants meet certain criteria including annual income not exceeding 120
percent of the median income for the Baltimore. Income maximums vary based on
family size.

“We are very excited to be partnering with Wells Fargo and NeighborWorks to
bring this wonderful program to Baltimore,” said Dan Ellis, Executive Director
Neighborhood Housing Services of Baltimore, Inc. “We look forward to working
with prospective borrowers to deploy this funding throughout Baltimore City.”

How to apply for CityLIFT ^ SM program down payment assistance in Baltimore

Learn more about how to apply for down payment assistance and schedule
CityLIFT ^ SM program homebuyer education with Neighborhood Housing Services
of Baltimore at www.nhsbaltimore.org. Information about the CityLIFT^SM
program is also available at www.wellsfargo.com/citylift. Additional
information about how to register for the April homebuyer event will be
communicated closer to the actual event.

The CityLIFT^SM program in Baltimore is designed to provide down payment
assistance and homebuyer education programs in areas most impacted by the
financial crisis. The program was developed in connection with the 2012
settlement with the City of Baltimore and the U.S. Department of Justice, and
is a collaboration between Wells Fargo Bank N.A. and NeighborWorks America.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 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 has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With approximately 265,000 full-time
equivalent team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012
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
Michael McCoy, 202-303-3029
Neighborhood Housing Services of Baltimore, Inc.
Lynette Locke, 410-327-1200 ext.111
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