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KB Home reports record 2002 revenues of $5.03 billion
KB Home achieves highest revenues for any quarter in the Company's history
Fitch places Countrywide on Rating Watch Negative
Fitch concerned by risks of high levels of MSR's as percentage of equity and hedging MSR volatility
Freddie Mac restatement process on track
Freddie Mac expects cumulative effect to materially increase past earnings
Fed Govenor - no housing bubble but sharp price falls in some areas
No housing bubble but home construction and sharp price falls in some areas could become widespread
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