Norwest Mortgage Inc., already the largest originator of conventional mortgages, now wants to become a dominant player in the lucrative business of subprime lending.

And in a move that surprised some industry observers, the company has tapped Judith Berry, an executive with no direct subprime lending experience, to head the unit.

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.