Beazer exiting five markets, closing mortgage unit

Countrywide Financial Corp. will be the "preferred mortgage provider" for customers of Beazer Homes USA Inc. as the builder closes its troubled mortgage origination unit and winds down home-building operations in five markets.

Originations through Beazer Mortgage Corp. are discontinued "effective immediately," Beazer said today in announcing an agreement in which Countrywide loan counselors will market loans to buyers at all Beazer Homes' projects.

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