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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (70677)	1/24/2007 2:39:13 PM
From: Logain Ablar	Respond to of 306849

About 4 years ago I refinanced my mortgage with the old Fleet bank which is now part of Bank of America. I have a 4 & 5/8 15 yr. and it had only a $250 underwriting / processing fee, no other closing costs or points. Another key was no title insurance requirement. Maybe BOA is trying this now.

To: mishedlo who wrote (70677)	1/24/2007 2:53:56 PM
From: SLCMortgages	Read Replies (1) \| Respond to of 306849

"Is BAC talking about wrapping fees up in the rate or really eliminating them. If the latter what does that do to originators?" Funny, I made a post explaining no fee loans yesterday. slcrealestate.blogspot.com If it's the latter, they're screwing their broker network. Countrywide has been screwing brokers for the past couple of years by calling the borrower when the payoff is ordered. At that point they know the borrower is refinancing and they undercut the broker on rates, fees or both. Nigel