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Home Builder Says It Broke U.S. Rules and Will Restate Earnings

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Home Builder Says It Broke U.S. Rules and Will Restate Earnings

http://www.nytimes.com/2007/10/12/business/12beazer.html?ref=business
 
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The statement did not indicate precisely how the rules had been broken, nor did it disclose the volume of mortgages involved. Beazer [Homes USA] said it hoped to reach a relatively inexpensive settlement with federal regulators over the practices, which it said were related to rules governing down payment assistance for home buyers.
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