Wells Fargo Reports 832,626 Active Trial and Completed Modifications through November 2012

  Wells Fargo Reports 832,626 Active Trial and Completed Modifications through
  November 2012

Business Wire

DES MOINES, Iowa -- January 14, 2013

Wells Fargo & Co. (NYSE:WFC) reported today that as of Nov. 30, 2012 it had in
place 832,626 active trial or completed mortgage modifications initiated since
the beginning of 2009. Of those, 699,711 modifications—or approximately
84percent—were done through proprietary programs and 132,915 were done
through the federal government’s Home Affordable Modification Program (HAMP).

Wells Fargo also has provided nearly 7.3million new lower interest rate home
purchase or refinance loans to customers over the same period.

In addition, fewer than 2 percent of the loans secured by owner-occupied
properties in Wells Fargo’s mortgage servicing portfolio have resulted in a
foreclosure sale over the past 12 months and, as of the fourth quarter of
2012, nearly 93percent of Wells Fargo’s home loan customers remained current
on their mortgage payments.

About Wells Fargo

Wells Fargo Home Mortgage is the nation’s leading mortgage lender and services
one of every six mortgage loans in the nation. A division of Wells Fargo Bank,
N.A., it has a national presence in mortgage stores and banking stores, and
also serves the home financing needs of customers nationwide through its call
centers, Internet presence and third-party production channels. Wells Fargo
Bank, N.A. is an equal housing lender.

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 more than 265,000 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
Tom Goyda, 636-594-2259 (Media)
Jim Rowe, 415-396-8216 (Investors)
Press spacebar to pause and continue. Press esc to stop.