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Caliber Home Loans

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Lone Star invests $1 billion in high-risk Caliber loans 

Oct 01, 2014By

According to a report from Bloomberg Businessweek, after about $200 million worth of loans have been made, the debt will be packaged into bonds and sold, with the new fund, Lone Star Residential Mortgage Fund I, retaining the riskiest pieces, according to the materials. The company expects to provide investors gross returns of 15% after three years.