Market Overview

KB Home, Nationstar Mortgage to Form Mortgage Company

Related KBH
MKM: Year-End 'Hope Trade' Boosts Home Builders
Homebuilder Confidence Up In November; Builders Optimistic
KB Home Posts 2Q Profit as Selling Prices Rise (Fox Business)
Related NSM
Kyle Bass Exits Facebook, Ups General Motors Holdings
Benzinga's Top Upgrades

KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced that it has entered into an agreement with Nationstar Mortgage LLC, its current preferred mortgage lender and the principal operating subsidiary of Nationstar Mortgage Holdings Inc. (NYSE: NSM), to form Home Community Mortgage, LLC, a limited liability company that will offer an array of mortgage banking services to KB Home customers.

“Creating Home Community Mortgage with Nationstar is the natural progression of our successful alliance,” said Jeffrey Mezger, president and chief executive officer of KB Home. “As our relationship with Nationstar has evolved, we have been very pleased with the alignment of the values of our two companies, particularly on our shared focus on achieving world-class customer service. A quality, predictable mortgage process is an essential element of our Built to Order™ business model, and Nationstar's performance as KB Home's preferred mortgage lender has already resulted in more consistent execution.”

Posted-In: News


Related Articles (KBH + NSM)

Around the Web, We're Loving...

Get Benzinga's Newsletters