The Consumer Financial Protection Bureau released final mortgage rules Friday that restrict compensation for loan originators, prohibiting pay that is based on loan terms. However, the CFPB said in a release the final rule does not include a proposed clause that would have required lenders to offer a no points and/or fees mortgage if they were offering a mortgage with points.

"Before the financial crisis, many mortgage borrowers were steered towards risky and high-cost loans because it meant more money for the loan originator," said CFPB Director Richard Cordray. "These rules will hold loan originators more accountable by banning the incentives that led so many of them to direct consumers toward disaster."

The new rules prohibit compensation based on loan terms, meaning that loan originators can't be paid more if the consumer takes a loan with a higher interest rate, prepayment penalty, or higher fees.