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FORT MYERS, Fla. — A court motion filed in Colorado involving construction loans made by the Fort Collins, Colorado-based Norlarco Credit Union and the Ann Arbor, Michigan based Huron River Area Credit Union to fund homes built by First Home, a subsidiary of Hovnanian has forced a mediation meeting today. The NCUA, which placed both CUs into conservatorship, has been negotiating with the builder in an effort to stem losses to the two CUs.

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