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.
KB Home is a homebuilding company. The Company constructs and sells homes through its operating divisions under the name KB Home. Shares of KBH remained unchanged at $16.61. In the past year, the shares have traded as low as $6.46 and as high as $17.30. On average, 4791570 shares of KBH exchange hands on a given day and today's volume is recorded at 0.
Nationstar Mortgage Holdings Inc. is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum. Shares of NSM remained unchanged at $35.81. In the past year, the shares have traded as low as $13.00 and as high as $40.61. On average, 1746710 shares of NSM exchange hands on a given day and today's volume is recorded at 0.
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