CFPB Updates Mortgage Servicing FAQs

The CFPB recently updated its Mortgage Servicing FAQs pertaining to compliance with the Mortgage Servicing Rule under RESPA (Regulation X), and under TILA (Regulation Z).  The FAQs cover, among other topics: 1) escrow accounts; 2) escrow account analysis; 3) deficiencies, shortages, and surpluses; and 4) Public Guidance Documents.