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KB Home, Countrywide Faked Home Appraisals: Suit

By Shannon Henson (February 8, 2008, 12:00 AM EST) -- A proposed class action against homebuilder KB Home and mortgage lender Countrywide Home Loans Inc. alleges that the companies used fraudulent appraisal reports to artificially support prices of KB houses when the California real estate market started to crumble....

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