"or tell me why Countrywide / BofA, won't like the fact it would shave at least 40% off their singing/closing expenses."
I am thinking this post should have went under the political tab. You can spin this anyway you want but the closing fee is a fee that has no expense to it for the title company/lender just the borrower. The reason why Countrywide/BofA would like this model is that they can still charge the borrower the same price for the closing but get a service done for a cheaper price. They are not "shaving" expenses but increasing revenue. |
