Wells Fargo (WFC) is enjoying the benefits of charging forward in the mortgage market while its...


Wells Fargo (WFC) is enjoying the benefits of charging forward in the mortgage market while its rivals have retreated, with the bank accounting for 28.8% of all home loans issued last year as "production" hit a record $524B. The strategy has brought massive profits, although questions are being asked about what Wells will do once the refinancing boom, which has driven its growth, drops off.

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  • ralph111
    , contributor
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    Sadly we had 1600 shares and diversified out of those holdings to a level consistent with recommended diversification levels. My gut feeling said wfc would be a winner long term but at the market bottom felt vindicated but reluctantly because the people I spoke with - employees of wfc and financial advisors plus the knowledge the omaha oracle was sticking with wfc makes me think sometimes having a large position compared to other holdings and staying with it thru thick and thin may.be worth the risk.
    3 Apr 2013, 05:30 AM Reply Like
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