Daily Briefing

DAILY BRIEFING

July 09, 2009

Ocwen Loan Servicing gives penalty fee refunds

Ocwen Loan Servicing has refunded nearly $675,000 to borrowers in Maryland after charging them prepayment penalties that violated state law, Maryland's Office of the Commissioner of Financial Regulation said Wednesday. After the financial regulation office found some violations, Ocwen checked all its Maryland mortgages and sent refund checks to more than 180 borrowers at the end of last month, the state said.

- Jamie Smith Hopkins

Senior housing complex in Middle River almost done

The first phase of the 196-home, $43 million Renaissance Square development in Middle River is nearing completion, with a senior housing apartment building expected to open to residents in December, developer Enterprise Homes said Wednesday. A "topping out" of the 81-unit Evergreen apartment building, being built by Bozzuto Construction Corp., is planned for Friday, said Enterprise. The 17-acre site is near Old Eastern Avenue and Back River Neck Road.

- Lorraine Mirabella

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