Industry News

Beazer says down-payment-assistance rules may have been broken

Company seeking $8M-$15M settlement with regulators
Published on Oct 11, 2007

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by CareyBot

Saying there’s evidence that employees of its mortgage subsidiary violated HUD regulations governing down-payment-assistance programs, Beazer Homes USA Inc. announced today it will restate earnings going back to 2004. The restatement could impact financial results going back to 1999, Beazer ...