Wells Fargo mortgage presence almost doubled

The banking industry has become a topic that saw many consumers point fingers of blame for the lack of money in their pockets, although everything is not that simple and we’re sure plenty of people in the banking sector would disagree.

No matter how bad certain industries get you’ll always find a few companies doing well, and in some circumstances maybe even better during economic hardship. It’s the view of some analysts that Wells Fargo’s mortgage presence is something very unique, and their bank sets itself apart from the competition by doing some things very different.

You can see a video below this article with Halah Touryalai and Halah Touryalai giving you an inside look at Wells Fargo, which we found extremely interesting and refreshing considering the current state of banking. The video explains how practices at Wells Fargo have helped the banks mortgage presence almost double over the last few years.

Another article that takes a look at this very topic can be seen here, and explains that Wells Fargo’s now takes 30 percent of the mortgage market, which is compared to just 15 percent back in 2007. The author looks at the winners and losers over the last few years, and one of the losers is apparently Bank of America and this is also evident in the third and fourth quarters of 2011.

Watch the video below and have a read of the above article, and then let us know what you think of Wells Fargo’s way of doing business? Those of our readers that want a little more insight into BofA’s decline, especially to the point of losing top spot in the United States for mortgages, should read another article found here. Do you think it’s a good idea for Bank Of America to pull away from the home loan business?