Wells Fargo, NAACP, National Urban League to Host Housing Forums for Aspiring Homeowners during National Homeownership Month

DES MOINES, Iowa - May 29, 2014

Wells Fargo (NYSE: WFC), the National Association for the Advancement of Colored People (NAACP) and National Urban League have announced a joint effort to host housing forums in nine select markets across the country during National Homeownership Month in June. The forums will provide aspiring homeowners with information and resources to help navigate the path to homeownership successfully.

The NAACP and Wells Fargo will offer the forums in St. Paul, MN; Washington, D.C.; Ft. Lauderdale; and Las Vegas. The National Urban League and Wells Fargo will host forums in Phoenix, Chicago, Minneapolis and in the Hampton Roads, VA area. Both organizations will join with Wells Fargo to offer a forum in Houston. Participants will be engaged with panel discussions about homeownership, have an opportunity to speak face-to-face with Wells Fargo Home Mortgage consultants and other industry professionals, and receive information on down-payment assistance. Interested participants should register to attend at www.wellsfargo.com/rsvp. Use access code: homeforum.

“We are delighted to work with two of the nation’s most influential advocacy organizations to host these important housing forums, as we share the same goals of helping people achieve the dream of homeownership,” said Cerita Battles, National Diverse Segments Manager, Wells Fargo Home Mortgage. “It’s important for homebuyers to understand the home-buying process and the forums present a great opportunity to learn and prepare for the homeownership journey. It’s a great time to buy right now and homeownership is possible for consumers who are ready for the financial responsibility.”

"Homeownership remains the primary source of wealth creation for most Americans, especially members of our communities," stated Lorraine C. Miller, NAACP Interim President and CEO. "We are pleased to work with Wells Fargo to educate and connect members of our community to these housing forums and sustainable pathways to homeownership and economic security."

"Our collaboration between the National Urban League, NAACP and Wells Fargo is squarely aligned with a core tenet of the National Urban League's economic empowerment agenda – affirming the societal value and economic benefits of homeownership,” said Marc H. Morial, President and CEO of the National Urban League. “By using community forums to heighten the awareness, confidence, and financial understanding of prospective home purchasers, we are providing a credible and trustworthy entry point to the pathway to prosperity that homeownership can provide."

Wells Fargo works with both the NAACP and the National Urban League on a number of initiatives geared toward economic advancement in areas that include financial education and homeownership.

Wells Fargo and the National Urban League have built an alliance based upon a shared desire to change the financial landscape particularly for the lower- and middle-income Americans who have been hit hardest in the Great Recession and benefitted the least in the prior decades.

The NAACP and Wells Fargo provide financial education opportunities through its Financial Freedom Center. The Center, announced by the NAACP and Wells in 2011, delivers financial education training and houses the organization’s Economic Department. Wells Fargo publicly endorsed the NAACP’s fair lending principles in 2011 and continues to support the organization’s fair lending efforts.

Wells Fargo, NAACP, National Urban League Housing Forums Schedule

Date City Hosting Organizations Location
June 7 St. Paul, MN Wells Fargo, NAACP Progressive Baptist Church 1505 Burns Ave. St. Paul, MN
June 11 Chicago Wells Fargo, Chicago Urban League Chicago Urban League 4510 S. Michigan Ave. Chicago, IL
June 14 Phoenix Wells Fargo, Greater Phoenix Urban League Wells Fargo Conference Center 100 W. Washington, St. Phoenix, AZ
June 21 Las Vegas Wells Fargo, NAACP Doolittle Community Center 1950 N. J Street Las Vegas, NV
June 21 Hampton, VA Wells Fargo, Urban League of Hampton Roads, Inc Embassy Suites Hotel 1700 Coliseum Drive Hampton, VA
June 28 Washington, DC Wells Fargo, NAACP NAACP Financial Freedom Center 1816 12th Street NW Washington, DC
June 28 Houston Wells Fargo, NAACP, Houston Area Urban League Houston Community College, Southwest Campus 5601 West Loop South Houston, TX
June 28 Minneapolis Wells Fargo, Minneapolis Urban League Minneapolis Urban League 2100 Plymouth Ave. N Minneapolis, MN
June 28 Ft. Lauderdale, FL Wells Fargo, NAACP Mizell Center 1409 NW 6th Street Ft. Lauderdale, FL

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives and stories are also available at blogs.wellsfargo.com and at wellsfargo.com/stories.

Founded in 1909, the NAACP is the nation's oldest and largest nonpartisan civil rights organization. Its members throughout the United States and the world are the premier advocates for civil rights in their communities. You can read more about the NAACP’s work and our five “Game Changer” issue areas here.

About the National Urban League
The National Urban League (www.nul.org) is a historic civil rights and urban advocacy organization dedicated to economic empowerment in historically underserved urban communities. Founded in 1910 and headquartered in New York City, the National Urban League has improved the lives of tens of millions of people nationwide through direct service programs that are implemented locally by its 95 Urban League affiliates in 36 states and the District of Columbia. The organization also conducts public policy research and advocacy activities from its D.C.-based Washington bureau. The National Urban League, a BBB-accredited organization, has a 4-star rating from Charity Navigator, placing it in the top 10 percent of all U.S. charities for adhering to good governance, fiscal responsibility and other best practices.

Veronica Clemons
Wells Fargo

Nicole Kenney

Latraviette D. Smith-Wilson
National Urban League