Beazer, Builders Under a Microscope

Not only is a federal probe examining Beazer’s practicesregulators promise to look at other builders' mortgage programs

Amid the subprime meltdown, mortgage brokers and lenders that cater to risky borrowers have come under fire. Now one major homebuilder is feeling the heat. Federal investigators, as first reported by BusinessWeek.com, have opened a criminal probe into the lending practices of Beazer Homes USA (BZH) (see BusinessWeek.com, 3/28/07, "Feds Are Investigating Homebuilder Beazer")

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