​OCC Updates Guidance on RESPA Compliance

The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X. The new booklet covers the transfer of rulemaking authority for Reg X to the Consumer Financial Protection Bureau, as well as new mortgage servicing requirements, new loss mitigation procedures, new prohibitions related to borrower assertions of error and new servicing-related exam procedures.​