Beazer to pay up to $53 million to settle mortgage fraud charges
Beazer Homes USA Inc. will pay up to $53 million to settle mortgage fraud charges related to federally insured mortgage loans the company made to buyers of its homes, the Justice Department announced Wednesday.
Goldman Sachs & Company, one of the huge financial firms largely responsible for the subprime mortgage mess that led to the current economic meltdown, agreed to pay $550 million to settle civil fraud charges late last week.