Georgia Public Broadcasting News: The latest statewide news & features, sights & sounds, all webcast in streaming audio, video, & broadcast on your local GPB station

Friday, February 1, 2008

Beazer ends mortgage origination

Atlanta-based homebuilder Beazer Homes is getting out of giving out mortgages. Instead the company will offer its buyers mortgage services through Countrywide Financial Corp. Beazer also says it will stop homebuilding operations in several states. Beazer has been beset by turmoil in the housing industry that has caused its number of home closings to plunge. It cut 650 jobs, or 25 percent of its work force, in October, and suspended its quarterly dividend.

TALKBACK:

Send us your questions or comments about Georgia Gazette. Please include your full name, location, and telephone number.