Manufactured Housing Institute Selects Wells Fargo as 2011 Community Lender of the Year

Wells Fargo Accepts Award for Fifth Consecutive Year

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) has been named the Manufactured Housing Institute’s (MHI) 2011 Community Lender of the Year. MHI presented the award April 27 at the 2011 National Congress and Expo for Manufactured and Modular Housing in Las Vegas.

“Our customers can count on us to be a dependable, dedicated and experienced manufactured home community lender. And with the addition in 2011 of our small loan conduit, financing is now available to many of our past customers that we couldn’t accommodate for the last year or two.”

“We value the contributions that Wells Fargo has made to the manufactured housing industry and their support of the Manufactured Housing Institute,” said Thayer Long, Executive Vice President of MHI. “We congratulate them on winning the MHI’s Community Lender of the Year Award for the fifth consecutive year.”

Wells Fargo Multifamily Capital finances manufactured home communities nationwide through its Fannie Mae program and also its direct lending and correspondent lending programs. Wells Fargo has originated more than $4.7 billion in manufactured home community loans since 2000.

“We are pleased to have been a consistent source for financing during a very challenging time in the financial markets,” said Director Tony Petosa, Wells Fargo Multifamily Capital. “We are proud to serve the manufactured housing industry and are committed to providing our customers with the best overall terms for their properties.”

“Wells Fargo provides the most affordable and diverse selection of loan programs within our industry,” said Director Creighton Weber, Wells Fargo Multifamily Capital. “Our customers can count on us to be a dependable, dedicated and experienced manufactured home community lender. And with the addition in 2011 of our small loan conduit, financing is now available to many of our past customers that we couldn’t accommodate for the last year or two.”

The MHI Lender of the Year award is an annual award decided by the MHI members. Each member/company receives one vote.

About Manufactured Housing Institute

MHI is the national trade organization representing all segments of the factory-built housing industry. MHI serves its membership by providing industry research, promotion, education and government relations programs, and by building and facilitating consensus within the industry.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2010 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.