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To: lightfoot who wrote (4972)7/8/1998 5:27:00 PM
From: ColleenB  Read Replies (1) | Respond to of 43774
 
They get paid their fees at the time of loan closing and then they will probably sell the mortgages to another company

boy you got that one right....we just refinanced our house 2 months ago, and we didn't even get a chance to send our first payment in when we got a letter stating that our loan had ALREADY been sold!!!

This, too generates income for the mortgage company!!