August 13

Recent Compliance Issues: 7/24/15 – 8/6/15

1. The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin to provide guidance to assist residential mortgage servicers and sub-servicers in their compliance with the private mortgage insurance (PMI) cancellation and termination provisions of the Homeowners Protection Act of 1998 (HPA). This compliance bulletin explains HPA requirements and describes examples from CFPB’s supervisory experience.