A lender owned by an affiliate of Texas-based Lone Star Funds has reached a settlement after an investigation found it engaged in unfair lending practices. Caliber Home Loans will provide its borrowers with $17 million in relief, according to an announcement by New York Attorney General Letitia James’ office. An investigation by the AG’s office concluded that Caliber had placed thousands of customers into unfair, interest-only loan modifications that reverted to higher payments after five
source https://therealdeal.com/2020/06/24/lone-star-affiliate-reaches-17m-settlement-with-ny-homeowners/
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