The U.S. Department of Agriculture Rural Development Under Secretary Lisa Mensah, Tuesday, June 14, presented Wells Fargo with a Champion of Rural Housing award as part of USDA’s observance of National Homeownership Month.
“USDA is fortunate to work with many outstanding lenders, but none stood out for special recognition as prominently as Wells Fargo,” Mensah said. “Since 1992, Wells Fargo has worked with us to help more than 131,000 rural families obtain loans to finance their piece of the American Dream.”
Mensah presented the award to Franklin Codel, head of Wells Fargo Home Lending, for helping qualified rural residents obtain affordable mortgage financing. In 2015, USDA and Wells Fargo worked together to help 2,792 low-and moderate-income families and individuals purchase homes in rural America through USDA’s Guaranteed Loan Program.
Of the nearly 950,000 home loans in USDA Rural Development’s Single Family Housing Guaranteed Loan Program portfolio, more than 131,000 are serviced by Wells Fargo.