The Consumer Financial Protection Bureau issued a final rule adding a new exemption from the escrow requirements for certain higher-priced mortgage loans (“HPMLs”).  Specifically, this applies to loans made by insured depository institutions or credit unions and secured by a first lien on the consumer’s principal dwelling will be exempt if the institution has 1) $10 billion or less in assets; 2) the institution and its affiliates originated 1,000 or fewer loans secured by a first lien on a principal dwelling during the prior calendar year; and 3) the HPML escrow exemption criteria are met.

The press release can be found here. 
The Final Rule is available here.