Industry participants have mixed views on the outlook for joint ventures between lenders and real estate agents and homebuilders. Wells Fargo ended a significant number of its joint ventures in the second half of 2012, citing regulatory concerns, while just this week KB Home and Nationstar formed a mortgage company, suggesting the joint venture model is not exactly finished. In previous years, Wells had hundreds of joint ventures with Realtors but the lender said it dissolved most of them in the second half of 2012. “After careful analysis of market conditions and the impact of the regulatory environment on the business, Wells Fargo decided to dissolve several of its joint venture alliances,” a Wells spokesman said, noting that the lender would not comment on specific numbers for privacy reasons. Wells noted that it will not completely abandon...