Centex Home Equity Becomes Nationstar

Published July 13, 2006, 2:00 p.m. EDT

1 Min Read

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.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Servicing costs per loan climb as policy shifts bite

Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.

By Bonnie Sinnock
Capital Markets Editor

11h ago
Marketing

Bright MLS, HouseCanary team up to boost Google visibility

Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.

By Colin McNamara
Reporter

11h ago
Secondary markets

Fannie's portfolio dips, but duration gap widens

The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.

By Bonnie Sinnock
Capital Markets Editor

June 29
Cyber Security

Optimum First hit with class action after recent data breach

The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.

By Spencer Lee
Technology Reporter

June 29
Artificial Intelligence

AI boom could cause the next economic crash, BIS warns

The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.

By Penny Crosman
Executive Editor, Technology at Arizent

June 29
Secondary markets

Non-QM issuance on record pace, helped by 'fumbo' mortgages

Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.

By Brad Finkelstein
Originations Editor

June 29

Load More