Feds Are Investigating Homebuilder Beazer

BusinessWeek has learned that the nation's sixth-largest residential builder is being probed in connection with potential mortgage fraud

Amid the meltdown of the subprime housing sector, mortgage lenders and brokers have come under fire from state and federal officials for predatory lending practices with those risky borrowers. Now one national homebuilder is feeling the heat. BusinessWeek has learned that federal investigators have opened a broad criminal probe into lending practices, some financial transactions, and other dealings at Beazer Homes USA (BZH).

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