KB Home has taken its relationship with Nationstar Mortgage to the next level, forming a joint venture mortgage banker company to be called Home Community Mortgage LLC.

It entered into a preferred lender arrangement with Nationstar in March 2012 after getting burned by two other mortgage bankers. First, in April 2011, the Los Angeles-based homebuilder said Bank of America, its partner in a mortgage banking joint venture, approached it during its first fiscal quarter asking to restructure their relationship.

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