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This morning Kaufman & Broad Home Corp. announced they have discovered unauthorized mortgage loan trading activity by an employee in its loan division that will adversely affect Q3 earnings by $0.24 per share; despite the charge, the company expects to record record Q3 and full year earnings.

Click on the quote button above and scroll down to the "news" link to read the press release.

Keep Foolish and prosper,

Spirit
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