By purchasing Prudential Home Loan Co., Norwest Mortgage gained the obvious: loan assets and servicing volume. But the deal also benefited parent Norwest Corp. in a little-noticed way.

With the acquisition, Norwest's securities administration services unit doubled the amount of mortgage-backed securities it handles for investors, to $80 billion.

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.