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Loan Modification

: The Truth About Mortgage.com

Beazer Homes Pays for Bad FHA Loans

By scot184

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Major homebuilder Beazer Homes has reached a settlement involving the company?s loan origination practices in which it will pay roughly $50 million in restitution to home buyers and the HUD. The company was accused of fraudulently originating FHA loans by charging illegal fees, making loans to unqualified buyers, gifting down payments improperly and then increasing home [...]

Full post as published by The Truth About Mortgage.com on July 02, 2009 (boomark / email).

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