Loan Servicer Coughs Up $674K+ In Refunds After Allegedly Beating Baltimore Borrowers Out Of Improperly Imposed Prepayment Penalties

In Baltimore, Maryland, the Baltimore Business Journal reports:

• Ocwen Loan Servicing, one of the U.S.’s largest servicers of residential mortgage loans, has voluntarily refunded $674,137 to more than 180 Maryland borrowers after a state examination found violations of Maryland law restricting the imposition of prepayment penalties.

For more, see Ocwen Loan Servicing refunds $674K to Md. mortgage borrowers.