KB Home, Nationstar to launch new lending firm
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.