September 22, 2008

HOVNANIAN ENTERPRISES: Arbitration v. GMAC Settled Last Sept. 4

COMPANIES: GMAC Model Home Finance LLC | Hovnanian Enterprises Inc | K. Hovnanian Enterprises Inc
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Arbitration proceedings involving Hovnanian Enterprises, Inc.’s subsidiary, K. Hovnanian Enterprises, Inc., and GMAC Model Home Finance, LLC were settled on Sept. 4, 2008.

On April 4, 2008, K. Hovnanian Enterprises initiated arbitration proceedings against GMAC to resolve a dispute arising under…

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