Without any significant marketing plans or aggressive sales campaigns, Norwest Mortgage Inc., a $45.5 billion bank holding company, somehow has leapfrogged four of its toughest competitors to become the single biggest originator of Ginnie Mae issuances with $10.2 billion worth, outpacing its closest competitor by more than $6 billion so far this year.

What makes that figure so amazing is that the Des Moines, Iowa-based company's total originations for all of 1992 were a mere $3.1 billion, according to the Mortgage Marketplace's Ginnie Mae Top 100 list.

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