DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1530282
MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 22 December 2024 M T E C H WELLS FARGO DEDICATES $1.2 MILLION TO REHAB AGING HOMES T he Wells Fargo Foundation is donating more than $1.2 million in grants to Rebuilding Together, a national nonprofit dedicat- ed to repairing homes and revitalizing communities. As part of the Wells Far- go Builds program, employees are also volunteering to provide repairs and accessibility modifications to 75 homes in 46 communities nationwide for older adults, veterans, and other neighbors in need. A recent study shows that home repair costs in America have increased significantly in the past few years, and low-income individuals were near- ly twice as likely to need persistent repairs. "Everyone should have access to a quality, affordable place to call home," said Darlene Goins, Head of Philan- thropy and Community Impact at Wells Fargo. "We're proud to support Rebuilding Together to help restore aging homes so more people can re- main safely and independently in their homes and preserve their generational wealth." Since 2010, Wells Fargo has donated more than $19 million to Rebuilding Together and its affiliate network to support rebuilding efforts across the country, including providing essential home repairs, revitalizing communi- ties, and helping veterans, older adults, people with disabilities, families with children, and victims of disaster remain in their homes. "So many Americans want to age in place in the home and community they love. Unfortunately, not everyone has the means to do so," said Maureen Carl- son, President and CEO of Rebuilding Together. "We are incredibly grateful for Wells Fargo's ongoing support to provide quality home repair services. Together, we're helping our neighbors in need remain in their homes for years to come." The new grant funding was an- nounced during a special event in Mi- ami Gardens, Florida, where roughly 30 Industry Update volunteers from Wells Fargo, Rebuild- ing Together and the community came together to help first time homeowner Mable Henderson with vital home repairs and backyard improvements. Wells Fargo teamed up with Miami Heat legend Udonis Haslem to surprise the Henderson family with new kitchen appliances and an outdoor living space. Rebuilding Together Miami-Dade received a $34,000 grant to provide transformative repairs that include ceiling and structural repairs, interior and exterior painting, and landscaping to help improve safety and accessibility for the Henderson home, as well as the homes of two other local families. GUILD MORTGAGE EXPANDS GUILD GATEWAY TO HOMEOWNERSHIP ASSISTANCE PROGRAM G uild Mortgage has announced new programs and initiatives to better meet the needs of underserved borrowers and a broad expansion of its Guild Gateway to Homeownership Assistance program. Guild Gateway to Homeownership Assistance is a proprietary lending program that provides up to a $5,000 lender credit toward closing costs for designated census tracts to homebuyers purchasing in or currently residing in an eligible Metropolitan Statistical Area (MSA). Since launching Guild Gateway to Homeownership Assis- tance in 2022 in St. Louis, Guild has helped 683 families and has provid- ed assistance funds exceeding $3.7 million. Guild has since expanded the program to four new MSAs in Arizona (Phoenix-Mesa-Chandler MSA), South Carolina (Columbia MSA), and Texas (Dallas-Plano-Irving MSA and Fort Worth-Arlington-Grapevine MSA). The program can be paired with