KB Home Forming Mortgage Firm for Buyers With Nationstar

by 22 Jan 2013

(Bloomberg)  KB Home (KBH), a Los Angeles-based homebuilder, is forming a home-loan company for its buyers withNationstar (NSM) 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.

“Creating Home Community Mortgage with Nationstar is the natural progression of our successful alliance,” Jeffrey Mezger, KB Home’s president and chief executive officer, said in the statement. “Nationstar’s performance as KB Home’s preferred mortgage lender has already resulted in more consistent execution.”


  • by William Matz | 1/23/2013 8:15:25 PM

    Does not anyone else think this is nuts? Builder lender subsidiaries were one of the causes of the mortgage crisis. Remember then NY AG Andrew Cuomo's investigation resulted in HVCC, when then applied to virtually all mortgages, even tho' the problem was the inherent conflict of interest between builders and their lenders. There were nummerous examples of pushed appraisals to sell out subdivisions. the resulting defaults left buyers and mortgage investors in bad position. So why are we going to let builders start over again.


Should CFPB have more supervision over credit agencies?