Beazer to Pay $53 Million in Mortgage Settlement
July 6, 2009
Total Loss:
Unknown
For builder Beazer Homes, news Wednesday of a costly settlement was not the first sign of trouble out of its mortgage lending division. Beazer Homes and its mortgage origination arm Beazer Mortgage agreed to pay $5m to the US and up to $48m in contingency payments to homeowners affected by allegedly fraudulent mortgage practices.
Source:
Housingwire.com
Posted in:
Internal Fraud