The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated. Please visit our new daily news page, IMFnews for the latest updates on the mortgage industry.

The News As It Breaks

May 3, 2012

Just as Inside Mortgage Finance data can move markets, it also drums up big news. Yesterday, Bloomberg used information about Wells Fargo’s growing mortgage market share for a story mere hours after the weekly news alert.

"Wells Fargo finished the first quarter with a record high,” IMF said in an e-mail sent to subscribers. Perhaps more significantly, Wells widened the mortgage lending gap among its competitors. The tally for San Francisco-based Wells Fargo exceeded the combined total for the next seven largest lenders, IMF said.

If you’re not receiving our news alerts every Wednesday, click here. Get inside information right as it breaks. 

Poll

The yield on the benchmark 10-year Treasury fell to all-time low of 1.34% recently. How much better will originations be at your shop in the second half compared to 1H, if at all?

Better by 1% to 10%.
Better by 11% to 25%.
Off the charts better. Applications are great now.
Worse than 1H, but not by much.
A lot worse. But not sure on the damage.

vote to see results
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