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KB Home, Nationstar to launch new lending firm

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KB Home, a Los Angeles-based homebuilder, is forming a home-loan company for its buyers with Nationstar Mortgage LLC.

The entity will be known as Home Community Mortgage LLC, the builder said today in a statement. KB Home made Nationstar its preferred lender in March after MetLife Inc. said it would shut its origination operation. Nationstar, based in Lewisville, Texas, began accepting loan applications in May.

Source: Bloomberg
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