NYDFS reportedly looking into Caliber Home Loans

From the New York Times:

The New York regulator made the request in a letter sent a week ago to Caliber, said the person briefed on the matter. The regulator told Caliber it was investigating multiple complaints from consumers in New York and wanted information related to the firm’s procedures for handling distressed mortgages and foreclosures.

The regulator is also asking for information about mortgages Caliber has begun writing to borrowers who have filed for bankruptcy or been foreclosed on but are repairing their credit histories. Caliber is one of the few mortgage firms that has begun making so-called nonprime loans nearly a decade after the start of the housing bust.

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