Norwest Mortgage says it has broken the $200 billion mark for servicing, becoming the first home lender to amass such a huge portfolio.

The Des Moines unit of Norwest Corp. achieved the milestone when stronger-than-expected originations for June were added to an existing cache that includes loans from recently acquired Prudential Home Mortgage. Norwest also subservices $35.7 billion of nonconforming loans, held by Prudential's parent, and is counting them in the $200 billion figure.

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