andthentherewas1

KB Homes Betting On Countrywide Just As Market Kills It

This article makes no sense. The reason KB has a JV with countrywide is to split the profits, meager as they may be now, from those loans funneled through the JV. It does KB no damage, besides these idiotic articles, to have a JV with Countrywide. The loans aren't on KB's books - they do have an internal mortgage operation. If anything, KB has made money on the number of loans it has funneled through the CW-KB JV.