WELLS FARGO HOME MORTGAGE AND FREDDIE MAC OFFER WEALTH BUILDING STRATEGIES SEMINAR FOR PRINCE GEORGES COUNTY RESIDENTS

Author Kelvin Boston, Interactive Sessions and One-on-One Consultations Will Show Attendees How to Build Generational Wealth

Landover, MD – Wells Fargo Home Mortgage, a leading lender to ethnic minority homebuyers and Freddie Mac, one of the nation's largest investors in residential mortgages, are offering a Wealth Building Strategies Seminar on Saturday, October 30, 2004 at the Treetops Atrium, located at 8181 Professional Place, Landover, Md. The event will be held from 10 a.m. to 5 p.m. and the featured keynote speaker is Kelvin Boston, author of "Smart Money Moves for African Americans" and host of the Public Broadcasting Service program "Moneywise." The seminar is part of a national tour being co-sponsored by Wells Fargo and Freddie Mac to increase home ownership and to economically empower African Americans.

"We want to help families achieve financial prosperity through home ownership and smart management of their home asset," said Terri Skipper, Regional Emerging Markets Manager for Wells Fargo Home Mortgage. "Through this free seminar, we intend to help people learn how to put these strategies to work to generate wealth for themselves and for their families."

"By bringing accurate information straight to the community about strategies to build wealth through real estate and investments, we hope to make home ownership possible for more families," said Craig Nickerson, Vice President of Expanding Markets for Freddie Mac. "Homeownership is the most widespread means for families in America to build lasting wealth."

The seminar will also feature interactive sessions and one-on-one consultations with financial advisors; Realtors^® and Wells Fargo home mortgage consultants who will share information on building generational wealth or family financial security, through home purchase and other options such as entrepreneurship and personal investments. Seating is limited, so interested parties are asked to call (202) 842-2281 to reserve a seat in advance.

"Helping educate customers so that they can succeed financially is further evidence of Wells Fargo's commitment to the Washington area market," said Skipper. "In fact, according to the most recent federal Home Mortgage Disclosure Act data, Wells Fargo again ranked No. 1 in home lending to African Americans in the D.C. area."

Wells Fargo Home Mortgage is a leading originator and servicer of residential mortgages. Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A., is based in Des Moines, Iowa, and is a subsidiary of Wells Fargo & Company (NYSE: WFC). Wells Fargo Home Mortgage serves all 50 states through the leading mortgage lending network in the country, with a presence in more than 1,900 mortgage and Wells Fargo bank stores and on the Internet. Combined, its retail and wholesale lending operations provided funding for approximately one of every eight homes financed in the United States in 2003.

Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make mortgages and packaging the mortgages into marketable securities, Freddie Mac sustains a stable mortgage credit system and reduces the mortgage rates paid by homebuyers. Over the years, Freddie Mac has made home possible for one in six homebuyers in America and two million renters.

*Based on statistics compiled by Inside Mortgage Finance.

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