[quote=CA renter]Yes, you are correct, but it’s also true that if the loan is sold off to another lender (not necessarily GSEs or other lenders who don’t do business with retail clients), the borrower is paying too much.[/quote]
Care to explain how someone can be paying too much, yet have no way to pay any less? Almost NOTHING you buy today is at a wholesale price, so, by your logic, you’re paying too much for EVERYTHING. You just have no way to pay any less.
