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Wells Fargo Home Mortgage wants to help homeowners who are struggling to make their monthly mortgage payments.

On January 25, 75 "home retention team members" will hold a workshop at the convention center to give advice and receive decisions on loan modifications. The workshop is the first of three upcoming workshops in Southern California.

"Wells Fargo wants our customers to succeed financially and helping struggling borrowers find the right option so families can stay in their homes in this difficult economy is a top priority," was the statement from Diana Stauffer, Wells Fargo Home Mortgage senior vice president and regional servicing director for California. "This workshop gives Wells Fargo and Wachovia home mortgage customers, who are faced with payment challenges, the opportunity to meet face-to-face with our home preservation specialists to explore and discuss the options available for them."

In July 2011, Wells Fargo, the largest lender in the country, agreed to pay an $85 million settlement after civil charges were filed alleging the bank promoted high-interest-rate loans during the housing boom and falsified loan documents.

The workshop will be held on January 25 in Hall E of the convention center from 9am to 7pm.

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Comments

russevans Jan. 19, 2012 @ 9:08 p.m.

If you're a homeowner with an adjustable-rate mortgage (ARM), you may choose to lock into a fixed rate if you anticipate rates will be going up soon, thereby stabilizing your monthly payments. I have used 123 Refinance to compare refi rates.

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M. E. Jan. 25, 2012 @ 10:28 p.m.

This is an advertisement for Wells Fargo.

They don't want you to foreclose for one reason: They will lose money if you do.

Beyond that self interest, this "workshop" is a PR move: "We care! Love us! Whatever you do, don't foreclose! We want you to continue to give us money without interruption...umm...meant to say 'to succeed financially.'"

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