HOVNANIAN ENTERPRISES: Arbitration v. GMAC Settled Last Sept. 4
September 22, 2008
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…