On August 2, 2016, the Consumer Financial Protection Bureau published a new guidance document titled CFPB's Principles for the Future of Loss Mitigation , which outlines a recommended framework for new, industry-driven foreclosure relief programs. The Guidance largely follows the July 25, 2016, white paper jointly issued by the U.S. Department of the Treasury , the U.S. Department of Housing and Urban Development , and the Federal Housing Finance Agency , in which the Agencies called for industry stakeholders to design and implement a loss mitigation framework tailored to the post-crisis mortgage market .
