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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (9544)	7/29/1998 12:53:00 AM
From: goldcoin	Respond to of 43774

Thanks for the response. An Origination fee is collected at closing - that was my insinuation of up front fee. You are right that no fees can be paid up front except the credit report and the appraisal fee. However at closing, an origination fee is collected, usually one percent on normal loans like you stated. However, in very competitive markets, they will accept a lower origination fee so they can get the back side fee for selling the loan to the wholesaler. In a real competitive market both of these fees to the mortgage company can be extremely slim in order to stay alive. Thus my comment on it was hard to tell from the gross amount of loan closings. And yes you are right, fees are higher in B & C loans. Do we even know if they handled them? I do appreciate your response. Good Luck