Wells Fargo's bid for Wachovia

(02:12) Report

Oct. 3 - Beating out Citigroup, Wells Fargo proves its durability through the credit crisis with a deal to purchase Wachovia.

Despite much consolidation of banks over the last few weeks, hedge funds and insurance companies may provide new competition for mortgages, says the president of Manhattan Mortgage.

Manoush Zomorodi reports.

SOUNDBITE: Melissa Cohn, President, Manhattan Mortgage

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