The CFPB just issued updated guidance on housing counseling requirements on 4/16/15. It is a final interpretive rule that gives lenders guidance on providing mortgage applicants with a list of local housing counseling organizations, and on the qualifications necessary to provide high-cost mortgage counseling. As a mortgage lender we already provide the Homeownership Counseling List consisting of the 10 housing agencies that were required in 2013. The list typically goes out to the consumer in our initial disclosure package. Can anyone provide any clarification on what the final interpretive rule means?