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Hovnanian Enterprises

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2018

    Proposed manufactured-default transaction involving Blackstone

    Hovnanian became involved in a proposed debt arrangement with Blackstone under which a manufactured default could benefit positions in credit default swaps while the homebuilder received favorable financing. The proposal attracted criticism from U.S. regulators, and Blackstone abandoned the effort in late May 2018.

    Source