A unit of Norwest Corp. has agreed to sell $4 billion of new mortgages to the Federal Home Loan Mortgage Corp. over the next 12 months, the agency announced on Friday.

Freddie Mac hailed the deal as its largest one-year commitment from a lender.

Norwest Mortgage Inc. is to write the loans and exchange them for mortgage securities issue by Freddie Mac. Norwest Mortgage, one of the nation's largest mortgage originators, expects to produce more than $15 billion this year.

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