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Wells Fargo Reports Almost 10K Trial and Completed Mods in June
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Wells Fargo Reports Almost 10K Trial and Completed Mods in June
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Wells Fargo Reports Almost 10K Trial and Completed Mods in June

August 8, 2011 (Jeff Alan)

Wells Fargo reports that 9,759 active trial or completed loan mortgage modifications were posted in the month of June. As of June 31, 2011, Wells Fargo says it has completed or has in active trial, 696,085 mortgage loan modifications since 2009.

Eighty-five percent of those loans, 591,941, were modified through the company’s own loan modification programs while the remaining 15 percent, 104,864, were modified through the federal government’s Home Affordable Modification Program (HAMP).

“Wells Fargo is committed to working with borrowers to help identify all available options that may help borrowers retain their home or avoid foreclosure,” said Michael DeVito, with Wells Fargo Home Mortgage Default Servicing. “To support that commitment, we are in the process of expanding the one-on-one customer contact model we initiated with loan modifications in June 2010 so that borrowers will move through all phases of loss mitigation with one dedicated home preservation specialist.”

Since January of 2009, Wells Fargo says it has helped more than 4.3 million homeowners obtain new low rate loans, either to purchase a home or to refinance their existing loan.

Wells Fargo also says that over the last 12 months less than two percent of the loans in its portfolio have proceeded to a foreclosure sale and that 93 percent of its home loan customers are current on their mortgage payments as of the second quarter of 2011.

Part of Wells Fargo’s success can be attributed to the Home Preservations Workshops that it hosts throughout the country. So far, Wells Fargo has helped over 23,000 borrowers at 35 events with their financial challenges.

The next Home Preservations Workshop will be held in Chicago on August 17th and 18th, with 12 additional workshops scheduled to follow.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Home Preservation Workshops

Source:
Wells Fargo

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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August 8, 2011 (Jeff Alan)

Wells Fargo reports that 9,759 active trial or completed loan mortgage modifications were posted in the month of June. As of June 31, 2011, Wells Fargo says it has completed or has in active trial, 696,085 mortgage loan modifications since 2009.

Eighty-five percent of those loans, 591,941, were modified through the company’s own loan modification programs while the remaining 15 percent, 104,864, were modified through the federal government’s Home Affordable Modification Program (HAMP).

“Wells Fargo is committed to working with borrowers to help identify all available options that may help borrowers retain their home or avoid foreclosure,” said Michael DeVito, with Wells Fargo Home Mortgage Default Servicing. “To support that commitment, we are in the process of expanding the one-on-one customer contact model we initiated with loan modifications in June 2010 so that borrowers will move through all phases of loss mitigation with one dedicated home preservation specialist.”

Since January of 2009, Wells Fargo says it has helped more than 4.3 million homeowners obtain new low rate loans, either to purchase a home or to refinance their existing loan.

Wells Fargo also says that over the last 12 months less than two percent of the loans in its portfolio have proceeded to a foreclosure sale and that 93 percent of its home loan customers are current on their mortgage payments as of the second quarter of 2011.

Part of Wells Fargo’s success can be attributed to the Home Preservations Workshops that it hosts throughout the country. So far, Wells Fargo has helped over 23,000 borrowers at 35 events with their financial challenges.

The next Home Preservations Workshop will be held in Chicago on August 17th and 18th, with 12 additional workshops scheduled to follow.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Home Preservation Workshops

Source:
Wells Fargo

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 8, 2011 (Jeff Alan)

Wells Fargo reports that 9,759 active trial or completed loan mortgage modifications were posted in the month of June. As of June 31, 2011, Wells Fargo says it has completed or has in active trial, 696,085 mortgage loan modifications since 2009.

Eighty-five percent of those loans, 591,941, were modified through the company’s own loan modification programs while the remaining 15 percent, 104,864, were modified through the federal government’s Home Affordable Modification Program (HAMP).

“Wells Fargo is committed to working with borrowers to help identify all available options that may help borrowers retain their home or avoid foreclosure,” said Michael DeVito, with Wells Fargo Home Mortgage Default Servicing. “To support that commitment, we are in the process of expanding the one-on-one customer contact model we initiated with loan modifications in June 2010 so that borrowers will move through all phases of loss mitigation with one dedicated home preservation specialist.”

Since January of 2009, Wells Fargo says it has helped more than 4.3 million homeowners obtain new low rate loans, either to purchase a home or to refinance their existing loan.

Wells Fargo also says that over the last 12 months less than two percent of the loans in its portfolio have proceeded to a foreclosure sale and that 93 percent of its home loan customers are current on their mortgage payments as of the second quarter of 2011.

Part of Wells Fargo’s success can be attributed to the Home Preservations Workshops that it hosts throughout the country. So far, Wells Fargo has helped over 23,000 borrowers at 35 events with their financial challenges.

The next Home Preservations Workshop will be held in Chicago on August 17th and 18th, with 12 additional workshops scheduled to follow.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Home Preservation Workshops

Source:
Wells Fargo

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS