...Wells Fargo Home Mortgage (WFHM) is headquartered in Des Moines, IA, operating six primary servicing/customer centers. During this review period, the servicer closed all 11 of the dedicated home preservation sites that provided assistance to borrowers through its community outreach programs. The servicer is a division of Wells Fargo Bank, N.A., whose ultimate parent is Wells Fargo & Company (WF&C; rated `AA¡'/Stable by Fitch Ratings). Rating Summary: WFHM is rated `RPS1¡' as a residential primary servicer for prime, Alt-A and subprime products based on its highly developed corporate governance structure, well- defined succession planning, experienced management team and established servicing platform. As of June 30, 2015, WFHM serviced approximately 8.9 million loans totaling $1.56 trillion. This includes approximately 7.7 million agency loans totaling $1.23 trillion, 794,381 prime loans totaling $253 billion, 10,545 Alt-A loans totaling $2.5 billion and 80,349 subprime loans totaling $10.7...
