2011-04-06wsj.com

``KB Home's mortgage joint venture with Bank of America could be in trouble, the builder said Tuesday. The company said it was informally advised by Bank of America that "they want to strategically move away from operating under joint venture structures in their business," KB Home Chief Executive Jeff Mezger said in an earnings conference call with analysts and investors.'' -- You'd think leveraging into exurban residential property speculation had gone out of style, or something!


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