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Nationstar to become KB Home's preferred mortgage lender
"We look forward to working with Nationstar and its group of
professionals who are dedicated to providing exceptional customer
service to our homebuyers," said
About
Forward-Looking and Cautionary Statements
Certain matters discussed in this press release, including any
statements that are predictive in nature or concern future market and
economic conditions, business and prospects, our future financial and
operational performance, or our future actions and their expected
results are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and projections about
future events and are not guarantees of future performance. We do not
have a specific policy or intent of updating or revising forward-looking
statements. Actual events and results may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors. The most important risk factors that could cause our actual
performance and future events and actions to differ materially from such
forward-looking statements include, but are not limited to: general
economic, employment and business conditions; adverse market conditions
that could result in additional impairments or abandonment charges and
operating losses, including an oversupply of unsold homes, declining
home prices and increased foreclosure and short sale activity, among
other things; conditions in the capital and credit markets (including
residential consumer mortgage lending standards, the availability of
residential consumer mortgage financing and mortgage foreclosure rates);
material prices and availability; labor costs and availability; changes
in interest rates; inflation; our debt level, including our ratio of
debt to total capital, and our ability to adjust our debt level and
structure and to access the credit, capital or other financial markets
or other external financing sources; weak or declining consumer
confidence, either generally or specifically with respect to purchasing
homes; competition for home sales from other sellers of new and existing
homes, including sellers of homes obtained through foreclosures or short
sales; weather conditions, significant natural disasters and other
environmental factors; government actions, policies, programs and
regulations directed at or affecting the housing market (including, but
not limited to, the Dodd-Frank Act, tax credits, tax incentives and/or
subsidies for home purchases, tax deductions for residential consumer
mortgage interest payments and property taxes, tax exemptions for
profits on home sales, and programs intended to modify existing mortgage
loans and to prevent mortgage foreclosures), the homebuilding industry,
or construction activities; the availability and cost of land in
desirable areas; our warranty claims experience with respect to homes
previously delivered and actual warranty costs incurred; legal or
regulatory proceedings or claims; our ability to access capital; our
ability to use/realize the net deferred tax assets we have generated;
our ability to successfully implement our current and planned product,
geographic and market positioning (including, but not limited to, our
efforts to expand our inventory base/pipeline with desirable land
positions or interests at reasonable cost and to expand our community
count and open new communities, and our increasing operational and
investment concentration in markets in California and
smartin@kbhome.com
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