Commerce Title Names Executive Vice President of Operations

July 25, 2002

DALLAS /PRNewswire/ -- Commerce Title, Inc., a subsidiary of Centex Corporation (NYSE: CTX - News), announced R. Wayne Norton has been promoted to Executive Vice President. He assumes responsibility for the company's title operations nationwide.

"Wayne brings tremendous industry expertise to this role as well as a vision that is deeply rooted in customer service," said Thomas G. Apel, President and CEO of Centex Title and Insurance. "We have a number of strategic initiatives on tap, and I know Commerce Title and its clients will be well-served under his guidance."

Mr. Norton most recently served as President of Commerce Title's Central Region and came from National Corporate Marketing, Inc., a family owned business where he was President. His previous experience includes more than 20 years in the title industry, most recently as President of Texas Operations for Fidelity National Title. He began his career at Stewart Title in Dallas, where he progressed from a management trainee to an escrow officer and was a top producer for four out of five years, before he was promoted to Vice President of Branch Operations.

Mr. Norton earned a B.B.A. from Hardin Simmons University and is a past president of the Dallas County Land Title Association and former board member of the Texas Land Title Association and Texas Underwriters Association.

Commerce Title, part of the Centex Financial Services family of companies, offers title insurance and various closing and settlement services nationwide in nearly 100 metropolitan markets.

Through other subsidiaries, Dallas, Texas-based Centex Corporation is one of the nation's largest home builders, non-bank-affiliated retail mortgage originators and general contractors. Centex also has operations in investment real estate and home services and owns a majority interest in a publicly held construction products company.

Source: Centex Title and Insurance

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.