Atlanta home builder Beazer restating results

Beazer Homes USA has completed an internal investigation into accounting problems and will restate its financials from 1999 through 2007.

The results of the investigation: Employees in the mortgage unit violated HUD rules on downpayment assistance since at least 2000. Beazer might have to reimburse some losses on federally insured loans because of this. The liability is estimated at $8 million to $15 million, the amount for which the company thinks the government will settle.

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