Southwest Securities is a holding company offering investment and financial services through wholly owned subsidiaries of Southwest Securities Inc., Mydiscountbroker.com, First Savings Bank and its online division of MyBankUSA.com, SWS Financial Services Inc., Westwood Management Corp. and Westwood Trust, SW Capital Corp. and SWS Technologies Corp.
Meanwhile, Centex Corp.'s board is issuing a 4 cents per share quarterly cash dividend to common shareholders of record at the Sept. 5 close of business. Dallas-based Cenex is one of the country's leading single-family homebuilders, non-bank-affiliated retail mortgage lenders and general building contractors. Centex also operates an investment real estate firm and owns about 65% publicly held construction products company.
Meanwhile, Centex subsidiary, CTX Mortgage Co., is forming a partnership with Fannie Mae to set up a new $5 billion affordable mortgage lending entity. Through the deal, CTX plans to increase its affordable mortgage lending services to more than 55,000 underserved families over the next five years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.