KB Homes, Countrywide Sued for Alleged Use of Bogus Appraisals
March 24, 2008
Irate homeowners have sued a Los Angeles homebuilder and its real estate affiliates for allegedly using fraudulent appraisal reports on newly built homes as the California real estate market began to collapse in 2005-2006. Filed last month in Los Angeles County...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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