Dave Boberg may want to consider taking out a time share office at HUD in 1994. If the secondary market officer for Norwest Mortgage, Des Moines, Iowa, expands Norwest's business in 1994 as much as it did in 1993, it may save him in the long distance calls he constantly makes to Ginnie.

Of the $30 billion in originations Norwest has generated in 1993, $14.6 billion have been in Ginnies, up from $3.1 billion in 1992. And they could easily top $20 billion in 1994 - and provide a substantial portion of Ginnie's upcoming Remic program by themselves.

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.