Norwest Mortgage Inc. solidified its No. 1 status in the securitization derby by selling $11.3 billion of loans to government-sponsored enterprises in the first quarter.

The new Chase Manhattan Mortgage Corp. jumped to No. 3 by virtue of its parent's merger with Chemical Banking Corp. And Prudential Home Mortgage fell out of the uppermost ranks as it slimmed operations in anticipation of a sale of its originations business.

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