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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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MTGE acquires Fort Worth-based mortgage servicer

 

Bethesda, Md.-based American Capital Mortgage Investment Corp. (Nasdaq: MTGE) announced Dec. 4 that, through a subsidiary, it has acquired Residential Credit Solutions Inc., a licensed mortgage servicer based in Fort Worth.


Formed in 2006, RCS as obtained approvals from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corp. (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) and the requisite state licenses to hold and manage mortgage servicing rights (MSRs). No price was given for the transaction.


"We believe that MTGE's investment capabilities and capital base form a strong complement to our servicing operations and will provide new and attractive growth opportunities for RCS," said Dennis Stowe, CEO of RCS in a news release. "We eagerly anticipate working with the MTGE team and executing upon our growth strategy."
 

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