Bank pricing strategies are more about responding to new product regulations, fee income and capital and liquidity standards rather than to their consumers’ view of value, according to a new Deloitte report on retail-bank pricing. The report, which attempts to make the case for value-based pricing, contends that bank pricing tactics focus primarily on costs and risks rather than on how consumers perceive and receive value. It’s...

Not only are commercial banks continuing to lose residential production market share, but it appears they are paying their retail loan officers less than nonbanks – a lot less. According to more than a dozen interviews conducted with executives and LOs at originating firms with different charters, some nonbanks are allowing for compensation plans that pay the originator upwards of 200 basis points. At banks, the best LO comp plan is 100 bps, Inside Mortgage Finance found. One bank mortgage manager, who spoke under the condition his name not be used, said...

The attorney who argued the case for PHH is Theodore Olson, former Solicitor General of the United States.

Wells Fargo’s mortgage chief Franklin Codel is getting some new duties...

Under the proposal, consumers can rate a company’s response on a scale from one to five…

Higher-priced mortgages are sometimes seen as a proxy for nonprime mortgages...

Five deals were issued during the quarter, led by a $2.65 billion MBS from Chase that combined mortgages eligible for sale to the government-sponsored enterprises and jumbo loans.

The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.

The search for a successor to S.A. Ibrahim is well underway…

The hiring picture looks bright for now – at least for mortgage brokerage firms…