Mayors Business Council

Wells Fargo

At Wells Fargo, we want to help all of our customers succeed financially. Wells Fargo is the nation’s leading residential mortgage lender and servicer, financing one of every seven and servicing one of every six home loans in the U.S. in 2014 (Inside Mortgage Finance). Wells Fargo offers home loans to consumers through the country’s largest mortgage network, including mortgage locations and bank branches, online, and via phone. Wells Fargo’s mortgage origination volume was $62 billion in the second quarter of 2015 (Wells Fargo earnings release) with a home lending servicing portfolio of $1.7 trillion in the second quarter of 2015 (Wells Fargo earnings release).

Wells Fargo Home Mortgage is the nation's No. 1 originator of renovation financing (HUD Fiscal Year YTD as of 3Q15) and the No. 1 lender to homebuyers who purchase newly constructed homes (as of 2Q15, Marketrac®).

Wells Fargo is committed to providing sustainable homeownership opportunities for low- to moderate- income people by providing volunteer and financial resources to local and national nonprofit housing organizations. In 2014, the Wells Fargo Housing Foundation donated nearly $20 million in support of affordable housing initiatives serving low-and moderate-income households – including for seniors, veterans, and families – through neighborhood stabilization and community revitalization efforts. Since its inception in 1993, the Wells Fargo Housing Foundation has invested more than $150 million to such efforts, along with mobilizing more than 4.6 million team member volunteer hours to build and rehabilitate more than 5,500 homes and counting.

Wells Fargo provides a wide range of conventional and government loans to serve the needs of qualified borrowers with programs focused on the needs of low- to moderate-income and first-time homebuyers. Wells Fargo’s LIFT programs bring down payment assistance and homebuyer education to communities and have helped to create more than 10,000 new homeowners in 39 communities.

Special Interests:
City Livability, Community Development, Credit/Debt Rating, Debt Collection, Debt Management, Downtown Development, Economic Development, Elderly, Financial Management, Housing, Insurance, Minority Issues, Municipal Bond Counsel, Neighborhood Redevelopment, Public Financing, Real Estate, Risk Management, Small Business Development, Tax Legislation

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