The Real Deal New York

Wells Fargo-go-go

Largest U.S. mortgage lender is aggressively trying to increase its share of the NYC market

July 05, 2012 10:30AM
By Leigh Kamping-Carder

From left: Eric Gotsch oversees Well Fargo’s retail home loan business in New York; Wells Fargo CEO John Stumpf; and Wells Fargo investor Warren Buffett.

From the July issue: If you’ve recently helped a New York City homebuyer lock in a mortgage, there’s a good chance you worked with Wells Fargo.

As the largest mortgage lender in the United States, Wells Fargo has recently attained an unprecedented grip on the home loan business, originating 33.9 percent of all mortgages in the country in the first quarter of 2012, according to widely cited figures from the trade publication Inside Mortgage Finance. [more]

  • closer72

    i am in the process of selling a condo, purchaser has been waiting 120 to close and still no end in sight. Be wary

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