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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 952 |
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He and others say some builder incentive programs, particularly those that require buyers to use an affiliated lender, also can raise the risk of loan defaults... "The Post analysis found high foreclosure rates in several communities of one national builder, KB Home. In most cases, the loans for those homes came from KB's mortgage branch...
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In most cases, the loans for those homes came from KB's mortgage branch. In a Northglenn neighborhood built by KB Home, 56 of the original buyers have been foreclosed. Fifty-one, or 91 percent, got their loans from KB's mortgage company. In Kentfield, a Thornton neighborhood, 80 of the original buyers have been foreclosed...
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General points of the essay
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