The policy statement issued March 1 by the Department of Housing and Urban Development on the legality of lender payments to mortgage brokers has provided some guidance to the mortgage industry - but not much.

But a statement of policy is not what HUD really wanted to issue.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.