Manufactured Housing Institute Selects Wells Fargo the Community Lender of the Year - 3 Years in a Row

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

Tony Petosa is Senior Vice President and Nick Bertino is Vice President of Wells Fargo Commercial Mortgage.  They specialize in arranging financing on manufactured home communities, offering both direct and correspondent lending programs.  If you would like to receive future newsletters from Petosa and Bertino, or would like to receive a copy of their Manufactured Home Community Financing Handbook, they can be reached at 760/438-2153; 760/438-8710 fax; and via email:  tpetosa@wellsfargo.com and nick.bertino@wellsfargo.com.  You can also visit their website at www.wellsfargo.com/mhc.  Special thanks to Jim Simpson, Principal with the law firm of Miller Canfield, for his contribution to this article.