ATLANTA AP – Beazer Homes USA Inc. said Thursday that the audit committee of its board of directors has launched a review of the company’s mortgage origination business related to a federal fraud investigation.
In a filing with the Securities and Exchange Commission, the homebuilder said it had retained independent legal counsel and an independent financial consultant to assist with the review and so far found no evidence to support the allegations of possible fraud in the company’s mortgage lending practices and other transactions. The company said it intended to vigorously defend itself.
