Rebuilding Together, a nonprofit that tries to revitalize communities by fixing distressed properties, says Wells Fargo (WFC) agreed to donate up to $1.2 million in real-estate owned properties and $600,000 to revitalize local neighborhoods hit by the challenging economy. “Wells Fargo is proud to support Rebuilding Together’s efforts to create affordable and sustainable housing for low-to-moderate income families,” said Kimberly Jackson, executive director of the Wells Fargo Housing Foundation. “We hope more companies and individuals will get involved with supporting Rebuilding Together’s mission that brings resources to neighborhoods seeking ways to address economic challenges including ones with the housing market,” Jackson said. The nonprofit says Wells Fargo will donate eight REO properties located in Phoenix, Las Vegas and Denver. “This donation from Wells Fargo will make an important difference toward addressing housing challenges in several communities,” said Gary Officer, president and CEO of Rebuilding Together. “While this is a substantial commitment from one of the largest mortgage and philanthropic companies in America, there are still substantial needs in many communities facing challenges that come with this housing crisis of epic proportions,” he added. Write to Kerri Panchuk.
Wells Fargo donates $1.2 million in REO to nonprofit
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products