Latest News About Caliber Home Loans

Here are the latest publicly reported items about Caliber Home Loans:

• New York settlement in 2023/2024: Caliber agreed to provide up to $17 million in forgiveness to New York borrowers who had certain short-term, interest-only loan modifications, as part of a settlement with the New York Attorney General. This action targeted modifications that could result in balloon payments after five years, which borrowers might not be able to pay [Bloomberg Law article: Caliber Agrees to $17 Million N.Y. Mortgage Settlement].[1]

• Earlier scrutiny in New York: The NY Attorney General’s office previously scrutinized Caliber over servicing practices and potential predatory-like activities in mortgage servicing; the firm was investigated for whether its servicing practices complied with state rules [Bloomberg Law article: Caliber Home Loans Under Scrutiny by N.Y. Attorney General].[2]

• California regulatory actions: California’s Department of Financial Protection and Innovation pursued actions related to per diem interest charges, including demands for self-audits and refunds for affected loans (with an ongoing enforcement history). This includes a 2019–2020 examination and subsequent settlement discussions, reflecting concerns about interest charging practices [California DFPI documents: Accusation and Statement of Facts; Settlement references].[3][4]

• Corporate profile and ownership: Caliber Home Loans is a large residential mortgage originator and servicer that was acquired by Rithm Capital in 2021; it has marketed a range of mortgage products and services since its rebranding from Vericrest Financial [CB Insights profile; Market coverage].[5]

• General news and press: The company has issued various press releases over the years about product launches and milestones, but most recent widely reported items relate to regulatory settlements and scrutiny rather than transformative business pivots [PR Newswire and MarketScreener-type coverage].[7][8]

Notes:

• The most consequential recent development publicly cited is the New York settlement involving principal forgiveness for affected borrowers, tied to alleged servicing issues. If you’d like, I can pull the exact settlement terms, identify which loan modification programs were implicated, and summarize the impact on affected homeowners.
• If you want a broader view (e.g., regulatory actions in other states or more recent regional news), tell me which jurisdictions to focus on and I’ll compile a concise update.

Would you like me to expand on the New York settlement details or investigate regulatory actions in a specific state?