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KB Homes Infomercial - Remembering Mortgage Fraud
 Cisneros partner in Lago Vista was Bruce Karatz,
highest paid CEO in the country with $232 million compensation package. Karatz:…realize how easy it is to buy…
How broad the qualification is… It’s a life changing experience that we create.
 
View Ex-HUD Secretary HenryCisneros KB Home Infomercial

KB Home Feature

                                       KB Home/Kaufman and Broad
                          KB Home - The most investigated home builder in the nation 
                                       continues pattern of building defective homes

                                   FTC & HUD Investigations Continue
KB Homeowners File a complaint with the Federal Trade Commision Take 5 minutes of your ime and submit a complaint about your builder.   
Important: file two seperate complaints: Please fill out an additional Special HOBB Complaint form and mail it to the FTC, Enforcement Division 

 U.S. Rep. Charlie Gonzalez pushes for answers in KB investigation 
KB Home & HUD's $20M Mirasol Fiasco under investigation. Special Express News Report - Amererican dream now homeowners' nightmare "Sixty-six of the lease-purchase houses now are vacant and the purchase program has left many residents disgruntled and concerned about construction cost-cutting and use of lower-grade materials."

KB Homeowners are entitled to extended warranty without Binding Arbitration Requirement
KB Home to Pay $2 Million Penalty for Alleged Violations of FTC Order
The modified consent decree, which replaces the consent decree entered in 1991, resolves the Commission’s allegations that KB Home violated the prior order. It enjoins KB Home from violating the 1979 consent order and requires KB Home to: 1) modify the dispute resolution provisions of existing warranties to comply with the 1979 order; 2) comply with the warranties as so modified; 3) extend for one year the two-year warranty coverage for major home components for homeowners whose homes were delivered during 2002 through 2004; and 4) reimburse homeowners for fees they had to pay to arbitrate warranty disputes in alleged violation of Part III.B of the order. In addition, the decree will require KB Home to pay a civil penalty of $2 million to settle the Commission’s charges that it violated the order. Read more... 

 
EDITORIAL: ONLY IN AMERICA !
KB made a Lemonade Empire out of Lemons
Finally some of the true facts are beginning to emerge about KB’s opportunistic benefits, compliments of federal taxpayers.

We as taxpayers need to ask elected official, HUD and VA how KB Home was allowed to continue building and selling 300 additional homes on the bomb-ridden land despite extensive public exposure after it was designated a million dollar, #1 US Army Corps of Engineers priority clean up site.  Please write your elected officials and request answers as to why HUD and the City of Arlington , after being informed allowed construction to continue unimpeded. 

Truly it can be said that KB Home made a Lemonade Empire from Lemons that gave a “BOOM” to the homebuilding industry like creative Corporate America has ever seen.  Corporate Welfare is alive and well in America .
RELATED NEWS ARTICLES:

 

 

 

*****************************************************************************************************************************************************
Elizabeth Dole, Commissioner of the Federal Trade Commission,
Speaks to The National Association of Home Builders

January 21, 1979 “….In the Kaufman and Broad investigation, FTC staff has them selves alleged, on the basis of professional inspections, a gamut of poor construction practices... the order would prohibit Kaufman & Broad from selling or delivering housing that is not built in accordance with adequate standards of workmanship."

 


KB Homeowners Fighting Mad
Homeowners express anguish and outrage, click on picture to see more...

KB Home - 1979 FTC Consent Order  See the full FTC Consent Order

FTC and KB HomeRead Elizabeth Dole’s speech to the National Association of Builders

KB Buy Back Proposal See one of the early proposals of KB the buy back a home.

KB Home Pays $595,000 Fine - In 1991 KB Home again violated the 1979 FTC order by once ahain failing to make warranty repairs in a timely manner.

KB Home under investigation
Lettter to Senator Phil Gramm of Texas"..HUD is spearheading a probe based on allegations involving its approval of the subdivision, and of KB Home's 10-year protection warranty." 

 
 HOBB Opinion: Why KB Profits are Greater

Special Reports:  KB Home Foreclosure Rate More Than Double Other Builders.
Records show that KB foreclosures are as high as 30%.

 KBHOMESUCKS.COM  - The #1 KB Homeowners Gripe Site
 
 Special Report - Top Corporate Hate Web Sites

KB Home Stock continues to fall:
10/21/05 KB Home Stock Down $21.17 - KB Home Stock down – Can Martha Stewart Help

8/7/05 KB Home Stock Down $10.95 – Foreclosures are up - FTC & HUD’s Flood of Complaints Prompt Investigations

 MUST SEE - KB HOMEOWNERS PROTEST AND GET RESULTS  
See photos :

KB Home Common Construction Defects
KB Buys Back Homes
 
KB Makes Some Repairs 

                                    Send us your KB-defect photos and story 

 


"Funk rents a 3-year-old, $80,000 house that has cracks between the wall and ceiling 
wide enough for her to stick her hand through."
Soggy-subdivision probe digs into approval data  By Adolfo Pesquera  Express-News

BEWARE OF KB’S DEALTO SELL YOUR HOME OR BUY IT BACK!
KB didn't buy the Martinez home back, instead sued the couple
SEE: Snake Bitten

Beware of Binding Arbitration Clauses!
New KB Home buyers & All buyers of homes with FHA & VA insured loans avoid arbitration

Former KB Employee's Advice
CEO Bruce Karatz sheltered from the ugly truth
Found on KBHomesucks.com posted july 18, 2005 - "If you want results, here is the best way I know of: send a certified and/or registered letter to the CEO Bruce Karatz (make somebody sign for it!) If you can provide pictures, all the better. And be sure to call there every single day to follow up, 310-231-4000. Either ask for Bruce or his personal assistant. He is actually pretty unaware of things (they keep him sheltered from the ugly truth). The "local" people in whatever state you are located do not want Bruce to know there are any problems, kind of like "The Emperor's New Clothes". That is also why the locals try to pretend that the corporate office has no jurisdiction, because they don't want the heat that will come down if they are busted. How do I know this? I used to work there. The usual system of complaints is set up so that everything has to be handled at the local level (sales manager & division president have the final say). But watch what happens when the L.A. corporate office starts breathing down their necks - they usually cave in & give you what is reasonable. I have seen this happen a few times. Initially, Bruce's assistant will try to brush you off, or pretend like they can't do anything. But trust me on this - ALL paychecks for ALL employees come directly from the L.A. office, and if you become a pest, they will at least look into the problem you are having. I have seen this work for returning deposit checks. 
             ************************************************************************

Ex-Secretary of  HUD, KB and Contaminated Land?

San Antonio Lightning - Canal De Amor 
Satire - Henry Cisneros Proudly Presents - Canal De Amor 
State-of-the-art building methods allow us to erect a home in as little as two days. Foundations are optional, and require an extra three hours... So step into the future with a Cisneros custom built home. To see one of our model homes, drive south seven short miles on I-33. Turn left at EPA junction. Follow the buzzards to our beautiful new sub-division. Remember, if you pass the "danger signs" you've gone too far.   Affordable Housing At What Price?   What a Dump!

             ******
******************************************************************
                        CURRENT NEWS AND EVENTS

April 24, 2003 - KB Homes - Shoddy Building in the Housing Boom?
BusinessWeek magazine: The most-read source of global business news

The industry's critics now warn that builders face a rising tide of consumer dissatisfaction. In their rush to put up new homes, some skimped on materials and labor costs, industry watchdog groups charge. "You can break into some of these new homes with a razor blade," says Robert Batcheller, a former builder who says he quit the industry last year, disgusted by some of practices he saw.
"In the past 10 years, cars have gotten safer and more reliable, and homes have gone in the opposite direction," Batcheller says. "Expect a big backlash against builders."


 
Sep 6 2002 Editorial: Housing debacle warrants scrutiny San Antonio Express-News The contractor for the project is Magi Realty. Its subcontractor is KB Homes, a major homebuilder that has said it will take care of the problems. .... But they were supposed to replace aging, dilapidated public housing. Given the state of things less than a year after their construction, it won't take long for the new homes to achieve that aging and dilapidated look.

Aug 30 2002 And even MORE on KB Homes! SAHA slates hearing on Mirasol Homes  By Ron Wilson  San Antonio Express-News Problems at the $50 million single-family-homes development were detailed Aug. 12 in a San Antonio Express-News story [Fault found with housing project] that told of houses without back doors or windows, falling cabinets, broken doors and listing porch beams and a contaminated landfill that apparently escaped the notice of planners.

Aug 30 2002 KB Homes in the news. Again. Arlington: Builder sues over explosive  Woman says she found old bomb near home; suit says it was planted  By JASON TRAHAN / The Dallas Morning News. "Ms. Lewis, a plaintiff in one of the homeowners' lawsuits, said that before KB Home filed suit against her, company officials tried to persuade her to sign an affidavit swearing that she helped plant the bomb on Jan. 26 and that she has never found any of the practice bombs on her property or anywhere else in the subdivision. She said company officials told her that if she signed the affidavit, they would buy her $150,000 house back at about a $30,000 profit."

June 22, 2001 $10 million suit claims damage to homes from mold in Patterson   By MICHAEL MELLO  BEE STAFF WRITER PATTERSON -- Eighty-six residents are suing KBHomes, alleging that shoddy construction left homes susceptible to water seepage and mold contamination......The lawsuit is being drafted one year after Heartland Ranch homeowners complained to the City Council that repairs already had dragged on for two years or more. NOTE: Yet another example for the need of a lemon law.

June 7, 2001 KBHomes Homeowners Take Complaints to Former HUD Secretary, Henry Cisneros. "According to Seaman, the company is not currently under investigation in relation to to this group of homeowner's concerns. " See Related Story:

June 1, 2001  Soggy-subdivision probe digs into approval data   By Adolfo Pesquera  Express-News Business Writer   KB Home's troubled Northampton development has become the target of a federal investigation amid allegations that the developer-homebuilder may have falsified information to obtain U.S. Department of Housing and Urban Development approval.

June 1, 2001  Soggy-subdivision probe digs into approval data   By Adolfo Pesquera 
Express-News Business Writer   KB Home's troubled Northampton development has become the target of a federal investigation amid allegations that the developer-homebuilder may have falsified information to obtain U.S. Department of Housing and Urban Development approval.

See Also:

June 1, 2001 Lettter to Senator Phil Gramm of Texas from the Veteran's Administration concerning the North Hampton Subdivision.

June1 2001 Letter from the TNRCC PDF Format concerning the North Hampton Subdivision to Jaent Ahmad, HomeOwners for Better Building.
Page 1, Page 2, Page 3

 

 

 


May 26, 2001 KBHomes in the news again. Eyewitness News Wants to Know. You can see the video clip concerning a KB Honeowner in San Antonio, TX. The owner asked to invoke a Lemon  Law and requested his home to be bought back. KB's statement said the situation has been resolved. Was the home bought back or repaired? We will find out. [Requires Real Media.]

May 4, 2001 Added to the KBHomes page: Lago Vista Subdivision Disclosure Statement to potential new homeowners. "You hereby agree to release Kaufman and Broad from any claims, action, causes of action, personal injury, death or property losses related to the quality of drinking water in Lago Vista."

May 1, 2001 San Antonio Lightning: Affordable Housing At What Price? By Janet Ahmad President HomeOwners for Better Building. "You agree and acknowledge that Kaufman and Broad is not responsible or liable for any environmental conditions at Lago Vista that are the result of the environmental contamination at Kelly AFB, including but not limited to the polluted groundwater. " ---Lago Vista Disclaimer.

May 1, 2001 San Antonio Lightning: (Satire) Henry Cisneros Proudly Presents
Canal De Amor. [Henry Cisneros of KBHomes] Presenting the newest in home development...an affordable, probably non-toxic, housing community for the San Antonio market!

April 22, 2001 Eroding trust. New home buyers vent frustrations at builder [KBHOMES] By Ian McCannThe Dallas Morning News. "One of the biggest problems, homeowners said, is poor customer service."

WFAA CH 8 News Dallas: KBHomes Homeowners take their complaints to the Frisco City council. The Proposed Texas Home Lemon Law is mentioned. You can view the news on April 16 and April 17at:

April 17, 2001 K&B in the news again in Dallas:  Homeowners Speak Out Against Builder  FRISCO ó Dozens of angry homeowners in Frisco are calling for the city to take action against their builder, KB Home. ... Meanwhile, a homebuyerís lemon law is being considered by state lawmakers in Austin. 

April 17, 2001 Quote of the day: "Any time we get a complaint or work order from a home we address it in a timely fashion," said David Christian, with K-B Home." Homeowners Accuse Builder of Shoddy Work Reporter: Brett Shipp

April 07, 2001 Kaufman and Broad (KBhomes) homeowners shut down an open house in San Antonio using the only tool available to them. Picketing. This is called the Texas 2 by 4.

Feb 12, 2001 Added to the Kaufman Page:  Prospective Homebuyers, Protesters Mix At Grand Opening   Kaufman & Broad Subdivision Scene Of Homeowner Protest (KSAT-TV San Antonio, TX

"Along with prospective buyers for the newly built houses in the city's South Side, protesters arrived to air dissatisfactions with their own Kaufman & Broad homes located elsewhere in the city. Homeowners from the Northhampton subdivision in the city's Northeast Side have filed complaints with the builder, alleging shoddy workmanship. "

Feb 10, 2001 Added a link to the Link Pageto the Federal Trade Commision complaint form. Take 5 minutes of your time and submit a complaint about your builder. This will help in the long run.

Jan 18, 2001: Posted to the the Kaufman and Broad (KB Homes) page: "Los Angeles-based Kaufman and Broad announced Wednesday it is changing its name to KB Homes. We think itís great that our company has established such trust and familiarity with our customers that they recognize us by this shorter, friendlier name," company Chairman and Chief Executive Officer Bruce Karatz said recently.  "The name KB Home is a warm way to reflect what we offer." Warmly reflect  on the Kaufman Page.

Jan 12, 2001:  Posted to the Mold and Kaufman & Broad Page: Mold Forces Families Out Of Homes. Families Demand Answers From Home Builders The Flanigans were among a group of about a dozen residents of a Kaufman & Broad housing tract in Dixon who picketed a company sales office Sunday on Christine Drive in Vacaville. They all expressed deep concerns about moisture penetration on the foundations of their Dixon homes that has led, they say, to family illnesses and damage to their $200,000-plus structures.

Dec 22, 2000 Posted AnotherNorth Hampton Subdivision draft buyout!. See Kaufman and Broad looks at buying out homeowners for background information. "K & B will purchase your home for your original purchase price and the value of the improvements listed below....."

Oct 29, 2000 North Hampton Subdivision pickets. See Kaufman and Broad looks at buying out homeowners for background information. 

Oct 26, 2000 American Homebuyers Protection Act. Sponsor: Rep Gonzalez, Charles A. Prohibits a person engaged in the construction of new homes from: (1) requiring a home purchaser to enter into a mandatory arbitration agreement as a condition precedent to entering into a purchase contract; and (2) offering a home purchaser a contract which includes a mandatory arbitration agreement unless such agreement is a separate agreement. 

Oct 26, 2000 Added to Builders in the NewsAC placement fuels hot fight  [San Antonio, TX] By David Anthony Richelieu Express-News Staff Writer. The City Council is expected to resolve a dispute today over whether the stacking of air conditioning units over electric hot water heaters should be allowed to continue in new homes and apartments.

"....the city has a moral obligation to change a potentially dangerous practice, adding that it was only a matter of time before a water heater short circuit would trigger a larger fire and put people's lives at risk." Press Release HomeOwners for Better Building.

Oct 18, 2000 Added to Builders in the News Federal Trade Commission, June 1991: KAUFMAN AND BROAD HOME CORPORATION AGREES TO SETTLE FTC CHARGES BY PAYING A $595,000 CIVIL PENALTY "The Federal Trade Commission announced today that Kaufman and Broad Home Corporation (K&BHC) of Los Angeles, a homebuilder, has agreed to settle charges that it violated a 1979 FTC order by failing to make warranty repairs in a timely manner."
  _________________________________________________________________________

Disclaimer
The information on this site and all parts of the Homeowners For Better Building site is for information purposes only. By accessing this site you agree to immediately contact Janet Ahmad to report any incorrect data or misrepresentations of facts.

 
HUD - History Making KB Home Fine
HUD ANNOUNCES $3.2 MILLION SETTLEMENT AGAINST KB HOME MORTGAGE COMPANY

Largest settlement in history of Mortgagee Review Board
Washington-- The Department of Housing and Urban Development today announced it has reached a $3.2 million settlement with KB Home Mortgage Company in connection with a series of alleged violations of HUD requirements. The $3.2 million is the largest amount ever collected in the 30-year history of HUD's Mortgagee Review Board (MRB), which takes administrative actions against FHA-approved lenders. Read more...
 
Home on the bombing range
Wednesday, 16 June 2004
Inman News - Military history still haunts development site
Unexploded bombs that may be present at the site could have the potential to injure or kill people, according to Army Corps of Engineers reports. In 1983, during the construction of a 35-acre mobile home park at the former Five Points site, work was halted when a practice bomb was discovered there. A cleanup on that site followed, and an estimated 3,000 practice bombs were recovered from that portion of the site… Other bomb types were reportedly dropped at the site including the 100-pound M38A2 practice bomb and practice versions of the M47 chemical bomb…
According to court documents, King-Lewis stated in a sworn affidavit that she was approached in 2002 by Victor Toledo, a KB Home representative who allegedly ""did attempt to coerce, bribe, induce, manipulate and persuade me to sign…false affidavits."" She also reported that Toledo ""was unquestionably clear in his attempts to harass and force my family and me into submission by the offer of financial compensation as an inducement, in exchange for my signature on a false affidavit, which would be used to give witness against Janet Ahmad in his pursuit of future criminal actions against her."
Read more...


KB Home Getting Hammered by Lawsuits
KB Homes
Thursday, 10 December 2009

Suits grow against KB Home
At a time when KB Home is again breaking ground in Creekside, a lawsuit against the builder continues to gain ground. The Seattle-based law firm of Hagens Berman Sobol Shapiro LLP filed a lawsuit against KB Home, Countrywide Financial and LandSafe Appraisal Services on Oct. 30 in U.S. District Court in Orlando. The class-action suit represents Florida, North Carolina and South Carolina homeowners. The suit is the latest development in an ongoing investigation into KB Home practices.

Read more...
 
More Troubles for KB Home
KB Homes
Wednesday, 04 November 2009

Florida class-action suit accuses KB Home of inflating prices
A Florida class-action lawsuit filed Friday accuses KB Home, among the bestselling builders in the Tampa Bay area, of inflating home prices by hundreds of millions of dollars.  Also named as defendants in U.S. District Court in Orlando were Countrywide Financial and LandSafe Appraisal Services.  Florida home buyer Stephanie Sullivan claims the three companies employed a "well-planned scheme" to manipulate home appraisals to justify higher prices during the housing boom. Sullivan paid $426,000 for her Orlando home in 2006 and subsequently lost it to foreclosure.  The law firm representing Sullivan, Hagens Berman Sobol Shapiro, has filed several lawsuits against builders with the backing of the labor unions trying to organize KB's workforce. In those previous lawsuits, builders have denied wrong doing.

 
KB Home is under SEC investigation - Stock drops 8%
KB Homes
Tuesday, 13 October 2009

The home builder disclosed that the probe is focused on 'possible accounting and disclosure issues.'
KB Home's filing also noted the ongoing struggles of the national housing market. "A general oversupply of new and resale homes, exacerbated by rising mortgage delinquencies and foreclosures, continued to depress prices and intensify competition, while poor job market conditions, tight mortgage lending standards and weak consumer confidence restrained demand," it said.

Read more...
 
SEC Investigation: Investors may want to stay away from KB stock
KB Homes
Monday, 12 October 2009

Mystery Over Accounting Probe May Spook KB Home Investors
Does an accounting probe by the Securities and Exchange Commission mean another regulatory black eye for KB Home?  In a disclosure buried deeply in a quarterly filing, the Los Angeles-based home builder said Friday that the SEC staff has issued a “formal order of investigation … regarding possible accounting and disclosure issues. “It’s tough to really know” whether the investigation will lead to serious problems for KB, said Ivy Zelman, chief executive of Zelman & Associates, a housing research firm. But, she said, investors may want to stay away from KB stock until the matter is clarified...KB has had more than its share of regulatory woes in recent years.

Read more...
 
Another KB Home SEC Investigation?
KB Homes
Friday, 09 October 2009

UPDATE: SEC Investigating Builder KB Home
NEW YORK (Dow Jones)--Builder KB Home (KBH) disclosed Friday that the U.S. Securities and Exchange Commission issued a formal order of investigation regarding "possible accounting and disclosure issues." In the company's latest quarterly filing, which covers its third quarter, the Los Angeles-based builder said it is cooperating with the investigation. KB Home was notified Oct. 2. "The staff has stated that its investigation should not be construed as an indication by the SEC that there has been any violation of the federal securities laws," the builder said. No further details were available. KB Home, the nation's fifth-largest builder by 2008 closings, declined to comment beyond the filing.

 
KB Struggles to compete with the Foreclosure Market Further Deflating Current Values
KB Homes
Saturday, 26 September 2009

Homebuilder KB Home loses $66M in fiscal 3rd-qtr
KB Home set out to compete with foreclosures last year by building smaller, more affordable homes, and the homebuilder’s decision is paying off. The company said Friday it cut its third-quarter loss as new home orders surged 62 percent from a year earlier and its cheaper-to-build Open Series homes helped bring down costs...the average selling price of its homes fell 15 percent.

Read more...
 
WARNING: KB Homes Built with Chinese Drywall
KB Homes
Saturday, 26 September 2009

DOW JONES NEWSWIRES: Builder KB Home: About 140 Homes Affected By Chinese Drywall
NEW YORK -(Dow Jones)- Builder KB Home (KBH) has identified about 140 homes, primarily in Florida, affected by Chinese drywall, executives said in an earnings conference call Friday. The Los Angeles-based builder estimates a repair cost of about $10 million, and it took a $6 million charge in the third quarter to increase its warranty liability. Builders have been disclosing their exposure to allegedly defective drywall - also known as wallboard - imported from China during the housing boom. A growing number of homeowners complain that it generates sulfurous odors and corrosion. The complaints have led to continuing investigations by several government agencies. Earlier Friday, KB Home said that, for the quarter ended Aug. 31, it lost $66 million, or 87 cents a share, compared with a prior-year loss of $144.7 million, or $1.87 a share. Shares of KB Home recently were down 7.44% at $17.16 in a broad market downturn.  

Read more...

 
BEWARE: More KB Home Gimmicks to Finance with KB Home Mortgage
KB Homes
Friday, 25 September 2009

The Magic Mortgage Kingdom of KB Home - KB Home Offers a Magical Gift for Homebuyers
Like Disney magic KB Home defies its many critics with more of its same old lending gimmicks that left families with toxic mortgages and homeless.  Not too long ago HUD recommended shutting down builders subsidiary lending institutions like KB Mortgage; in fact HUD imposed negligible fines for massive loan irregularities.  Confident builders responded by filing a lawsuit against HUD.  Today HUD has backed off and KB Home boldly, if not playfully leads the pack amongst homebuilders and freely continues the same practices that contributed to the nation’s worst financial meltdown in history.  Together with the National Association of Home Building (NAHB) KB helped cleverly craft an $11 million Federal Taxpayer Stimulus through USDA a no-money-down, no PMI, contingent upon using builders’ affiliates like the death-defying KB Mortgage.  Related articles: Stimulus Tax Dollars At Work for KB Home

Read more...
 
KB Home, Countrywide Comedy of Errors Foreclosure Fire & Taxes
KB Homes
Thursday, 24 September 2009

Adolfo Pesquera - Countrywide's toxic asset: House destroyed in 2006 fire still valued at $106,890
More than three years after a two-story house with a brick facade was destroyed by fire, it remains on the county tax appraisal rolls with a value of $106,890, and the walls have yet to be demolished even though the ruin is a clear safety hazard to neighborhood children. The house was built in 2000 and is surrounded by homes in the Sunset subdivision - a west Bexar County-based KB Home development, - that are all less than 10 years old...There is no roof. The interior was completely gutted. Portions of the back and side walls have caved in. And the two-story high front brick facade is just waiting for a good strong wind to knock it over.

Read more...
 
KB & DR Horton Build Small to Undercut the Resale and Foreclosure Markets
KB Homes
Saturday, 05 September 2009

Business Week: Homebuilders Think Small
The median home size has risen steadily for decades, from about 1,500 square feet in 1970 to about 2,302 sq. ft. in the first quarter of 2007, when the trend began to reverse as the housing downturn worsened, according to the National Association of Home Builders. By the first quarter of 2009, the median home size had dropped to 2,239 sq. ft...Los Angeles-based KB Home, which has been most aggressive about this strategy,...Fort Worth's DR Horton has a number of models... ranging from 900 sq. ft. to 1,500 sq. ft.

Read more...
 
KB Marketing More of the Same Mortgage Joint Venture Countrywide and KB Mortgage
KB Homes
Tuesday, 11 August 2009

KB Home - Financial and Strategic Analysis Review - new market report just published
Despite $3.2 M HUD fine KB Home Mortgage and Countrywide relationship continues
It targeted customer group includes first-time, first move-up, and adult buyers. The company, through joint venture agreement with Countrywide Financial, operates Countrywide KB Home Loans, which is engaged in offering mortgage services. Additionally, KB Home through its operating subsidiary, KB Home Mortgage Company, is engaged in offering title and insurance services to its homebuyers

Read more...
 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Consumer Affairs Builder Complaints

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

 KB Home Federal Housing Scam
 KB Homes are falling down

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

HUD's Broken System
From HUD's Deregulation to Disgrace
Did HUD Secretary Cisneros
 Mastermind Predatory Lending?

KB Home Bombs
KB Goes Unpunished for Building Community on Bombs
Taxpayers Pay $2.6 Million
KB Attempts to Bribe Woman

KB HOME FEATURES
Legislators, HUD & FTC
Respond to complaints
HUD Fines KB Home$3.2M
FTC Fines KB Home $2M


ABC 20/20 - KB Home built on bombs
KB to build on Worst Nnuclear Meltdown Site
Why KB Profits are Greater
Special Reports - Read More...
See KB Homeowners Protest and Get Results
 WFAA's Bryan Harris Investigates KB Home & Bombs

Bad Binding Arbitration Experience?
conttribute@hobb.org
 or call 1-210-402-6800

  ABC's 20/20 Special
KB Home Builds on Bombs
(10/7/2005 No Transcript available)
See related articles:
· WFAA News 8 Investigates KB 
   Home & Bombs

· $1.9M for KB Bombing 
  Range Taxpayer Cleanup

· 
KB gives new meaning to
  “Home, home on the range”

· Home on the Bombing Range 
  History still haunts development

· News4:: Reports Charges Dropped

Tort Reform Feature
Texas Monthly
 Hurt? Injured? Need a Lawyer? Too Bad!

KB Homeowners Speak
KB Home Common Defects
KB Buys Back Homes 

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