The U.S. attorney general has requested documents "generally relating" to builder Beazer Homes' mortgage business, the company said. "At this time, there have been no allegations of wrongdoing," Beazer said. "We are fully cooperating with this request and the U.S. attorney's office," the company added. Beazer said it believes the request "was fueled" by information published in the Charlotte Observer and BusinessWeek indicating that there is a federal investigation of the company in connection with alleged mortgage fraud. However, the company said that, based on its internal investigations to date, it has found "no evidence to support the allegations in these articles."
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A new look is coming to the National Mortgage News homepage, writes Editor-in-Chief Heidi Patalano
51m ago -
The inspector general's office, responsible for overseeing the regulator, now sits vacant amid Director Bill Pulte's swift changes and numerous fraud probes.
November 3 -
Most of the pool of 1,011 residential mortgages, 69.7%, are considered non-prime mortgages, primarily due to the documentation and styles of underwriting.
November 3 -
The agreement, if approved by a federal judge, would end litigation over two distinct cybersecurity incidents in 2021 which affected over 2 million customers.
November 3 -
The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General.
November 3 -
Now that quantitative tightening is ending, the debate on who should be the MBS buyer of last resort, Fannie Mae and Freddie Mac, or the Fed, is taking hold
November 3




