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60 LENDER/SERVICER PROFILE Wells Fargo & Co. MEGA-SERVICER Sources: Wells Fargo (1/2014), Fitch Ratings (7/8/2014), Standard & Poor's (7/8/2014), Moody's Investors Service (3/2/2014) Take a look inside the numbers S T A T E S S E R V I C E D * Top 5 Loss Mitigation Strategies Deed-in-Lieu .3% Short Sale 16.3% Paid-in-Full 0% Modification 37.5% Forbearance Plan 46.7% REO Stats » Average Eviction Time: 76 days » Average Marketing Time Post Eviction: 111 days KEY TECHNOLOGY Servicing: Black Knight Financial (formerly LPS) *As of July 8, 2013 ORIGINATION SUMMARY* » $50B new mortgage originations in 2013 » $8.3B new mortgage originations in Q4 2013 vs. $16.8B new originations in Q4 2012 *As of Q4 2013 RECOGNITION » Euromoney named Wells Fargo Bank of the Year and Best Bank in the U.S. making the company the first U.S. bank to be recognized as Bank of the Year. » In 2012, The Chronicle of Philanthropy ranked Wells Fargo No. 1 as the Most Generous Cash Donor in the U.S. COMPANY VITALS Headquarters: San Francisco, California Phone: 800.869.3557 Online: WellsFargo.com Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores and more than 12,000 ATMs and the Internet across North America and internationally. The company is headquartered in San Francisco. According to the company website, one in three households in the U.S does business with Wells Fargo. Wells Fargo has $1.5 trillion in assets and more than 270,000 team members in more than 35 countries across its more than 80 businesses. The bank ranked fourth in assets and first in market value of its stock among the company's U.S. peers. Among all financial services companies, the bank ranked first in market value in the U.S. and third in the world, as of September 30, 2013. COMPANY'S LATEST January 23, 2014 Wells Fargo to Sell Insurance Brokers with 750 Employees Wells Fargo & Co. (WFC), the largest U.S. home lender, agreed to sell more than 40 percent of its insurance brokerage locations to focus bricks-and- mortar operations on higher-growth regions and bigger clients. USI Insurance Services will purchase 42 of Wells Fargo's insurance brokerage and consulting offices, according to a statement today from the San Francisco-based lender. The remaining 55 locations are in larger markets that generate more than 90 percent of brokerage revenue, according to Laura Schupbach, head of Wells Fargo Insurance. Chief Executive Officer John Stumpf, 60, has sought to increase sales at the lender's insurance brokerage business to diversify revenue and strengthen customer ties. Clients who don't have access to standalone insurance offices can still arrange coverage through Wells Fargo bank branches that are served by call centers. "This is part of a growth strategy," Schupbach said in a telephone interview. "We're trying to get customers into the right channels." The sale, which is scheduled to be completed in the second quarter, includes six locations in West Virginia and offices in Dayton, Ohio; Boise, Idaho; and Anchorage, Alaska. About 750 of Wells Fargo Insurance's roughly 6,500 employees will be affected, according to Schupbach. USI plans to offer jobs to all staff who are actively working at the brokerages when the ownership changes, according to the statement. -Bloomberg SERVICER RATINGS Moody's Investors Service: Primary Servicer, Prime- SQ1; Primary Servicer, Subprime- SQ1 Standard & Poor's: Residential Primary Servicer- ABOVE AVERAGE >> Residential Subprime Servicer- ABOVE AVERAGE KEY PERSONNEL John G. Stumpf Chairman, President, and CEO Michael J. Heid President, Wells Fargo Mortgage Patricia R. Callahan Senior EVP, Chief Administrative Officer Timothy J. Sloan Senior EVP, CFO Staffing » 272,200 employees worldwide » Servicing Staff: 18,000 SERVICING SUMMARY* Portfolio Stats » Residential servicing portfolio: $1.83T (UPB) » Loan Count: 9.6M MSRs » Q4 2013: $1.83 T » Q3 2013: $1.84 T » Quarterly Change: 6 basis points Delinquency Stats » Total Delinquency Rate: 2.37% *As of Q4 2013 VERBOSITY "Wells Fargo had another outstanding year in 2013, including strong growth in loans and deposits, and double-digit growth in earnings. In the five years since our merger with Wachovia, we have grown our businesses, invested in our franchise's future, and contributed to the U.S. economy's recovery. Our 264,000 team members made it possible through their strong commitment to our consumer, small business and commercial customers, and the communities they serve around the world. Strong earnings power and capital levels, and an improving economic outlook are major reasons why we look ahead to 2014 with optimism." —John Stumpf, Chairman, president, and CEO in the Q4 earnings report California, Florida, Georgia, North Carolina, Minnesota