Manufacturing Housing Institute Selects Wells Fargo Community Lender of the Year

Third Consecutive Year

San Francisco, April 16, 2009 – Wells Fargo & Company (NYSE: WFC) has been named the Manufactured Housing Institute's (MHI) 2009 Community Lender of the Year.  MHI presented the award April 15 at the 2009 National Congress and Expo for Manufactured and Modular Housing in Las Vegas.

"We have always focused on providing our customers with the best financing alternatives available, through all economic cycles," said Tony Petosa, a Wells Fargo Multifamily Capital senior vice president who is based in Carlsbad, Calif. " Winning this award for the third year in a row demonstrates our commitment and ability to serve the manufactured housing industry."

Wells Fargo Multifamily Capital finances manufactured home communities nationwide through the Fannie Mae DUS program and also its direct lending program. Wells Fargo has originated over $4 billion in manufactured home community loans since 2000. 

 "Wells Fargo continues to be a very dependable source of financing," said Creighton Weber, a Wells Fargo Multifamily Capital senior vice president in Troy, Mich. "As an experienced manufactured home community lender, Wells Fargo offers the most comprehensive selection of loan programs available from a single source." 

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally