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Today the CFPB released updates to its mortgage origination exam procedures and mortgage servicing exam procedures. The Supervision and Examination Manual provides guidance on how the CFPB will conduct examinations and harmonizes existing procedures for handling mortgage origination and mortgage servicing examinations with the revised interagency procedures that address the new mortgage regulations issued in January 2013 (which have now taken effect).  The exam procedures for both mortgage origination and mortgage servicing now cover final rules issued by CFPB through November 2013. These examination procedures will be incorporated into the Supervision and Examination Manual at a later date.

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