Charlotte

Beazer Pays $2.5 Million in Mortgage Settlement 

Beazer Mortgage Corporation [stock BZH][/stock], a subsidiary of Beazer Homes USA, will delve out a total of $2.5m to more than 1,000 N.C. borrowers due to alleged origination violations in 2007. The Atlanta-based homebuilder entered into a settlement agreement with the North Carolina Office of the Commissioner of Banks (NCCOB) today, but without admitting to the alleged violations, according to the company’s statement.