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KB Home Receives a Letter Regarding a Notice of Default Related to Its 7-1/4% Senior Notes Due 2018KB Home , announced today that on October 26, 2006, it received a letter stating it serves as a notice of default under the indenture related to its 7-1/4% Senior Notes due 2018 from an entity claiming to ... Weighing the impact of Countrywide's cutsJob cuts at Countrywide Financial Corp. could have a significant impact on employment growth in Ventura County during the next year. Crooked Gwinnett Developers and Their Lawyers Who Help 'Make Off With The Loot'... had a grand daughter just yesterday. It's his son's first child, so they're moving the happy couple back to their home so they can all help in the child's early days. Unfortunately, foreclosure proceedings begin on the Martin's home Thursday ... Fitch Rates CWALT $623.42MM Mtge P-T Ctfs Ser 2006-35CBFitch rates CWALT, Inc.'s Mortgage Pass-Through Certificates, Alternative Loan Trust 2006-35CB as follows: --$599.9 million classes A-1, X, PO, and A-R certificates 'AAA'; --$10.9 million class M certificates ... The Real Estate Bust ContinuesAs the real estate market continues to barrel south, don't tell the Bush Administration, the Federal Reserve, International Bankers, Mortgage Bankers, Mortgage Brokers, Realtors, home builders, or even home ... Median new-home prices fall for month... sales activity is down 14. 2 percent from a year ago. The report suggests that builder incentives, lower mortgage interest rates and discounts will keep this year's housing slowdown from deepening. The figures, combined with a separate report ... Third man to plead guilty in home scheme... and a maximum fine of $500,000. 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