Norwest Mortgage's acquisition of Prudential Home Mortgage followed Prudential Insurance Company of America's decision to get out of the mortgage business and concentrate on insurance.

The move also signaled the end of Marvin I. Moskowitz' tenure as chairman and chief executive of the Prudential unit and its parent, Residential Services Corporation of America.

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.