The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated.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

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results