I don't know about you, but I found the recent published reports that Beazer Homes USA Inc. will pay as much as $53 million to settle mortgage fraud charges relating to its own buyers particularly disturbing. According to news reports, Beazer allegedly ignored income requirements so as to make loans to unqualified buyers. As one could have predicted, these loans blew up.But to make matters worse, Beazer allegedly attempted to hide from the Federal Housing Administration (FHA) excess default rates on their loans, and, according to prosecutors, charged homebuyers interest "discount points" at closing but kept the money and didn't reduce the interest rates on loans. However, the alleged "Sleazer" tactic that particularly bothered me was a kind of Scrooge-like dow...
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