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KB Home and Nationstar to Form Mortgage Company

LOS ANGELES--(BUSINESS WIRE)--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.