Kevin Gillespie has been named to the newly created post of executive vice president for national Centex homes production at CTX Mortgage Co., a subsidiary of Dallas-based Centex Corp.Mr. Gillespie will oversee all CTX Mortgage branch operations supporting Centex Homes. Mr. Gillespie served most recently as regional executive vice president of the company's West Retail Region. Before joining Centex, his mortgage banking career spanned 18 years and included positions as head of national production with Weyerhaeuser, First Nationwide Bank. and First Gibraltar Savings, CTX Mortgage said. The company can be found on the Web at http://www.ctxmortgage.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
August 13 -
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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