Thursday, September 23, 2010 8:57:31 AM
7:21 AM ET 9/23/10 | Dow Jones
DOW JONES NEWSWIRES
The U.S. government was too lenient with a $53 million settlement with Beazer Homes USA Inc. (BZH) in 2009 over the builder's subprime lending practices, the Department of Housing and Urban Development's inspector general has asserted, CNBC reported Wednesday, citing documents it obtained.
HUD Inspector General Kenneth Donohue said the settlement, between Atlanta-based Beazer and the Justice Department, "provided too little restitution" to affected homeowners. Donohue has complained that U.S. Attorney General Eric Holder has not responded to a letter he sent in July regarding the matter. Donohue did not propose an alternative amount for a fine, the network said.
Representatives of Beazer and the DOJ did not respond to a request for comment.
A joint federal probe by the Federal Bureau of Investigation and HUD found that Beazer's mortgage lending unit had violated federal regulations by giving government-backed loans to buyers who couldn't afford them, the Wall Street Journal reported on Aug. 28.
Recent BZH News
- Beazer Homes to Present at the 32nd Annual Deutsche Bank Leveraged Finance Conference on September 25, 2024 • Business Wire • 09/23/2024 06:14:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 12:47:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/08/2024 09:14:07 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 08/07/2024 08:10:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 11:10:49 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 11:08:27 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 11:07:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 08:54:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:16:51 PM
- Beazer Homes Reports Third Quarter Fiscal 2024 Results • Business Wire • 08/01/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:10:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 08:45:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 08:07:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 08:50:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2024 08:26:57 PM
- Beazer Homes USA, Inc. to Webcast Its Fiscal Third Quarter Results Conference Call on Thursday, August 1, 2024 • Business Wire • 07/08/2024 10:30:00 AM
- Beazer Homes USA, Inc. Announces the Release of its 2023 Sustainability Report • Business Wire • 06/20/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:15:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/12/2024 08:44:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:07:30 PM
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