At Wells Fargo, we want to satisfy all of our customers' financial needs and help them succeed financially. Wells Fargo is the nation’s leading residential mortgage lender, funding one of every five mortgage loans in the United States and servicing one of every six mortgage loans in the United States. A division of Wells Fargo Bank, N.A., Wells Fargo Home Mortgage serves all 50 states through more than 2,200 mortgage and Wells Fargo banking stores, and the Internet.
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. Since it was established in 1993, the Wells Fargo Housing Foundation has teamed up with Habitat for Humanity to create low income homeownership opportunities. During that time, the Housing Foundation has contributed more than $65 million in grants, more than 150,000 volunteers and more than 4 million volunteer hours. Together, the Wells Fargo Housing Foundation and Habitat for Humanity have built more than 2,500 homes in the past 15 years.
Wells Fargo's Leading the Way Home® initiative helps communities understand and act on efforts to stabilize their current housing situation while advancing homeownership to build a strong community for the future. This program was borne out of an awareness that community and government leaders look to Wells Fargo for information, insight and solutions to some of the housing issues communities face in today's economy including foreclosures.
Financial Literacy is Important. Wells Fargo is a leader in educating consumers about money management, and provides free tools and advice to make it easy and routine. We offer programs - both at Wells Fargo and through relationships with local organizations and credit counselors-that help our customers better understand credit management, their credit reports and the importance of maintaining good credit. The Hands on Banking®/El futuro en tus manos® program is a free, comprehensive curriculum that teaches children and adults the money management skills they need. It is commercial-free and available through the Internet, CD-ROMs and accompanying teaching guides. Topics include the basics of banking, budgeting, investing, maintaining checking and savings accounts, purchasing a home, and starting a small business.
We believe it is important for Wells Fargo to be an industry leader in fairly and responsibly lending to all customers. That's why we live by longstanding responsible lending principles that span our full lending process, from product development through our post-closing practices. We consistently make choices we believe serve the interests of our customers for the long term, and we simply do not tolerate abusive, misleading or fraudulent lending. As a result, we have a long track record of providing good solid residential real estate loans and lines of credit to qualified borrowers.