The Wall Street Journal (subscription) reports today that Lennar Corp. is looking to spin off its Rialto finance unit.

The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital, according to people familiar with the matter.

A Lennar spokeswoman declined to comment. Representatives of Stone Point Capital and Rialto didn’t respond to requests for comment. It isn’t clear what the business may be worth, and there is no guarantee there will be a deal.

Lennar said in April that it was considering a sale of Rialto as part of the company’s strategy of spinning off or selling noncore subsidiaries to focus on its main home-building business.

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