Sand Canyon purportedly had acted as an intermediary between the loan originator, MAC, and Deutsche.

They also would set across-the-board qualification standards for loan originators.

In addition, qualification standards differ depending on whether loan originators work for banks, thrifts, mortgage brokerages or non-profit groups.

Once finalized, the rules would implement a ban on the industry practice of using loan interest rates to determine compensation for loan originators.

It also prohibits loan originators from "steering" consumers into mortgages that increase payments or bonuses to a broker or loan officer.