KB Home to form mortgage company with Nationstar unit

Tue Jan 22, 2013 8:17am EST

Jan 22 (Reuters) - KB Home, the fifth-largest U.S. homebuilder, said it would form a mortgage company with a unit of Nationstar Mortgage Holdings Inc to offer services to KB Home customers.

The new company, to be called Home Community Mortgage LLC, is expected to start business in the latter part of this year, KB Home said.