The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated.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

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