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.
KB Home, Nationstar to launch new lending firm