Toll Brothers (TOL) and Beazer Homes (BZH) were among the homebuilders trading higher on the news today.

FORBES: Daily Wrap

Investors shunned BZH today sending its shares 1.6% lower while bond sellers walked away from its Caa2-rated seven-year paper.

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Entering in the stock symbols of ten of the largest homebuilders including Brookfield Homes (NYSE: BHS), Beazer Homes USA (NYSE: BZH), D.

FORBES: Homebuilder Heavy ETFs

Homebuilders were leading the decline in equities Friday after Beazer Homes (nyse: BZH - news - people ) announced it received purported notices of default.

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Shares of BZH are up approximately 4%.

FORBES: Weekly Market Wrap

Shares in Beazer Homes (nyse: BZH - news - people ) took a particular beating this week, down nearly 10% after the sacking of the company's chief accounting officer amid news of a federal inquiry into possible securities law violations.

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The findings are consistent with headlines implicating companies around the globe in a wide range of wrongdoing, including electronics giant Siemens (nyse: SI - news - people ) (bribery), York International, now part of Johnson Controls (nyse: JCI - news - people ) (foreign corrupt practices), Beazer Homes (nyse: BZH - news - people ) (accounting irregularities) and Biomet (kickbacks to doctors).

FORBES: Corporate Crime Wave Unabated