Centex Home Equity Becomes Nationstar

Centex Home Equity, Dallas, has been renamed Nationstar Mortgage LLC to mark the completion of the unit's sale to Fortress Investment Group by Centex Corp.Nationstar said it ranks eighth nationally among retail nonprime lenders and is licensed to do business in 47 states. Retail loans are originated through 70 branches and three centralized call centers in Dallas, Phoenix, and Denver, the company said. Nationstar also sources loans indirectly through mortgage brokers served by four wholesale service centers. The company's new website can be found at http://www.nationstarmtg.com.

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