Caliber Home Loans settlement will provide $17 million in loan forgiveness to New Yorkers

June 24, 2020

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Caliber Home Loans finalized a $17 million settlement with the New York Attorney General's office over allegations that it provided interest-only and short-term modifications that reverted to much higher payments after a period of up to five years to New York borrowers who were encountering financial difficulties, rather than providing traditional modifications, which has been deemed a predatory lending practice.  

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