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Wells Fargo: 3.3k Active Trial/Loan Modifications in December
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You're Now Reading:
Wells Fargo: 3.3k Active Trial/Loan Modifications in December
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Wells Fargo: 3.3k Active Trial/Loan Modifications in December
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February 13, 2012 (Jeff Alan)

Wells Fargo reports that 3,314 active trial or completed loan mortgage modifications were started in December bringing the total amount of trial and completed modifications to 728,024 since its mortgage relief efforts began in January 2009.

About 62 percent of those loans, 2,056, were modified through the company’s own loan modification programs while the remaining 38 percent, 1,258, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in January 2009, about 84 percent of their total active trial and completed loan modifications, 614,117, have been modified through the company’s own loan modification programs while the remaining 16 percent, 113,907, were modified through HAMP.

Ninety-two percent of Wells Fargo’s loan customers remained current on their home loans through the fourth quarter of 2011 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

Wells Fargo says they were able to provide nearly three out of every four of their customers who fell more than 60 days behind on their mortgage payments with an option that prevents foreclosure.

According to the latest information released in the Obama Administration’s December Housing Scorecard, out of the top 10 mortgage servicers in the United States, Wells Fargo had the third highest amount of HAMP trial modifications in the month of December behind only Bank of America and J.P. Morgan Chase.

Through the first 11 months of 2011, among the top ten mortgage servicers in the country, Wells Fargo’s loan modification efforts under HAMP have only been surpassed by Bank of America and J.P. Morgan Chase.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

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February 13, 2012 (Jeff Alan)

Wells Fargo reports that 3,314 active trial or completed loan mortgage modifications were started in December bringing the total amount of trial and completed modifications to 728,024 since its mortgage relief efforts began in January 2009.

About 62 percent of those loans, 2,056, were modified through the company’s own loan modification programs while the remaining 38 percent, 1,258, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in January 2009, about 84 percent of their total active trial and completed loan modifications, 614,117, have been modified through the company’s own loan modification programs while the remaining 16 percent, 113,907, were modified through HAMP.

Ninety-two percent of Wells Fargo’s loan customers remained current on their home loans through the fourth quarter of 2011 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

Wells Fargo says they were able to provide nearly three out of every four of their customers who fell more than 60 days behind on their mortgage payments with an option that prevents foreclosure.

According to the latest information released in the Obama Administration’s December Housing Scorecard, out of the top 10 mortgage servicers in the United States, Wells Fargo had the third highest amount of HAMP trial modifications in the month of December behind only Bank of America and J.P. Morgan Chase.

Through the first 11 months of 2011, among the top ten mortgage servicers in the country, Wells Fargo’s loan modification efforts under HAMP have only been surpassed by Bank of America and J.P. Morgan Chase.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 13, 2012 (Jeff Alan)

Wells Fargo reports that 3,314 active trial or completed loan mortgage modifications were started in December bringing the total amount of trial and completed modifications to 728,024 since its mortgage relief efforts began in January 2009.

About 62 percent of those loans, 2,056, were modified through the company’s own loan modification programs while the remaining 38 percent, 1,258, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in January 2009, about 84 percent of their total active trial and completed loan modifications, 614,117, have been modified through the company’s own loan modification programs while the remaining 16 percent, 113,907, were modified through HAMP.

Ninety-two percent of Wells Fargo’s loan customers remained current on their home loans through the fourth quarter of 2011 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

Wells Fargo says they were able to provide nearly three out of every four of their customers who fell more than 60 days behind on their mortgage payments with an option that prevents foreclosure.

According to the latest information released in the Obama Administration’s December Housing Scorecard, out of the top 10 mortgage servicers in the United States, Wells Fargo had the third highest amount of HAMP trial modifications in the month of December behind only Bank of America and J.P. Morgan Chase.

Through the first 11 months of 2011, among the top ten mortgage servicers in the country, Wells Fargo’s loan modification efforts under HAMP have only been surpassed by Bank of America and J.P. Morgan Chase.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.