Tuesday, December 9, 2008

Wells FHA Market Share Rising in Seattle

Wells Fargo's FHA market share reached a new monthly high in Seattle metro for 2008. Wells' market share reached 8.71% in October, they began the year with 3.88% of the market in January 2008. The chart below shows their monthly trend.

Click on the image for a larger view.



Who is paying the price for Wells increased market share? National City is one possibility. Wells Fargo seems to have taken advantage of National City's troubles in this marketplace. National City's market share has declined from 9.87% in January to 2.70% in October. The chart below shows the month by month decline of National City's FHA market share in this market.

Click on this image for a larger view.



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