Municipal Debt

Providing knowledge and expertise

Municipal and housing trustee services

At Wells Fargo Corporate Trust Services, our deal team can help you administer your municipal bond issuance. With experts in a wide variety of municipal and housing debt offerings, our team is backed by the knowledge and experience of Wells Fargo.

We offer:

  • Indenture services for fixed-rate and variable-rate bond issuances
  • Paying agent and registrar services
  • Escrow services
  • Online reporting and electronic statements

Most importantly, our team will work closely with your deal team to develop control and security procedures to mitigate risk for your transactions.

Trustee services for the public finance market 

Since 1934, we have worked with public finance clients across the U.S. to help them achieve their financial goals. We can act as:

  • Trustee
  • Successor trustee
  • Master trustee
  • Paying agent and registrar
  • Fiscal agent
  • Tender agent
  • Escrow agent
  • Dissemination and disclosure agent
  • Depository
  • Custodian
  • Disbursing agent

We have expertise in the following types of bonds:

  • Education
  • Environmental
  • General obligation
  • Healthcare and hospitals
  • Senior living and elder healthcare
  • Housing
  • Industrial development
  • Public facilities
  • Special purpose
  • State revolving funds
  • Transportation
  • Utilities

Wells Fargo Corporate Trust Services offers trustee services for state and local housing agencies issuing tax-exempt, taxable, and privately placed bonds. 

We provide online access to your trust accounts and you can receive daily or monthly electronic extracts of trust data to download into your internal accounting system. 

Our team 

Your account will be administered by a dedicated team of professionals experienced in housing-related bond issues. Our team administers a variety of transactions, including: 

  • Successor trustee appointments 
  • State and local agency bond issuances 
  • Single-family and multifamily structures 
  • Military housing structures 
  • Variable rate and fixed rate structures 
  • HFA initiative: NIBP and TCLP structures
  • HFA Ginnie Mae pass through structures 

Our experience 

We administer more than 3,100 housing-related transactions and serve as trustee for 21 state housing agencies. We are an active affiliate member in the National Council of State Housing Agencies and the National Association of Local Housing Finance Agencies. 

Our services 

We offer a full complement of corporate trust services for your bond issue including: FHA/VA, FNMA, GNMA, the U.S. Department of Housing and Urban Development (HUD), Freddie Mac securitized, SWAPS, recycling note programs, second mortgage bonds, draw-down programs, and credit-enhanced structures. 

Who our services benefit 

We serve state and local housing finance agencies that issue tax-exempt and taxable bonds for the purpose of financing and developing both single-family and multifamily mortgage loans and projects. We also serve issuers of military housing transactions.