Probe Report Bangs Up Beazer

Updated from 7:04 a.m. EDT

Shares of Beazer Homes (BZH Quote) slid 10% Wednesday after the homebuilder confirmed it has gotten a request for documents from the U.S. attorney's office about its lending business.

The Atlanta-based homebuilder made the remarks in the wake of a report Tuesday that federal investigators have opened a criminal probe into its lending practices. Business Week reported that the FBI, IRS, Justice Department and the Inspector General of Housing and Urban Development are all involved in the matter.

Beazer said Wednesday it has "been told by the U.S. attorney's office that the statements by the FBI and published by Business Week were not authorized and should not have been made." ...