Posts from August 27th, 2025

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SACRAMENTO, CA – The California Department of Financial Protection and Innovation (DFPI) has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans, Inc. (Caliber), following findings that the company overcharged thousands of California borrowers, in violation of state financial regulations.

As part of a settlement, Caliber, headquartered in Coppell, Texas, will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers. In addition, the company will surrender its California Financing Law license and its California Residential Mortgage Lender and Servicer license.

"This penalty holds Caliber accountable and returns interest to California borrowers. It is an example of DFPI's strong regulatory oversight in California's mortgage industry and its commitment to protect California consumers," said DFPI Commissioner KC Mohseni.

A DFPI regulatory examination and subsequent investigation...

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August 14, 2025 

C.A.R.-backed housing group prevails in another litigation victory for housing in Beverly Hills

LOS ANGELES (Aug. 14) – Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS^® (C.A.R.)that aims to address California's housing crisis through impact litigation, today secured a litigation victory against the city of Beverly Hills over its denial of an application to build a 165-unit mixed-use development in the city's urban core. This is the group's second victory against Beverly Hills, after a Los Angeles County Superior Court judge ruled in its favor in a lawsuit over the City's housing planning process in 2023.

"This decision is a major win for housing," said C.A.R. President...

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