Caliber Home Loans Inc. is under scrutiny by New York Attorney General Eric Schneiderman amid claims it may be using predatory practices in its mortgage business.
The mortgage lender, backed by private equity firm Lone Star Funds, has been the subject of a surge of complaints to Schneiderman’s office, said spokesman Matt Mittenthal. The state official is looking into whether the firm’s servicing practices violate Consumer Financial Protection Bureau rules, he said.
Texas-based Caliber offers home loans and refinancing options, including loans of as much as $2.5 million, according to its website. It also services the loans. Dallas-based Lone Star, ...
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