Nationstar Mortgage and KB Home are taking their strategic partnership to another level, setting up a new mortgage company that will provide mortgage banking services to new KB homebuyers across the U.S., the two firms announced.

Bexil American Mortgage, a company headed by industry veteran John Robbins, finally revealed the name of the mortgage banking firm it agreed to buy a few weeks back: Castle Mortgage of Vestavia Hills, AL.

Bexil American Mortgage has finally obtained its Ginnie Mae servicer approval and this week inked a deal to purchase a small nonbank lender whose identity it, so far, has not been revealed.

Mortgage portfolio vendor Altisource has completed the spin-off of two of its units, including one that will focus on buying and owning single-family rental assets.

Walter Investment Management Corp. is expanding its presence in the reverse market with an agreement to acquire Security One Lending (S1L), a California-based retail and wholesale reverse mortgage lender, in a stock-purchase deal valued at up to $31 million.