Norwest Mortgage's subprime unit, Directors Acceptance, said its origination volume tripled last year, to $844 million.

Directors Acceptance, of Carlsbad, Calif., attributed the jump to pricing, effective risk management, and increases in its sales distribution network.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.