Wednesday, March 28, 2007

Beazer Homes Shares Decline on FBI Probe

The AP reports:
Shares of Beazer Homes USA Inc. fell more than 17 percent in premarket trading Wednesday after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions. The homebuilder said it was cooperating with a federal prosecutor's request for documents.
When times are good,there aren't many complaints.