Wells Fargo-go-go

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

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.

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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]