Has anyone been contacted by Bank of America for a transaction n with BOA is paying all closings costs?  Recently, BOA put a loan product in place where the buyer/borrower needs no $ at all.  There are no bank fees, no appraisal fees, no PMI, and no closing costs(T.I.).   I cannot fathom how they can recoup their loss.  For example, a 150k loan in PA would cost ~ 1108.75 for TI...185 for endorsements and CPL and say another 100 for tax certs, doc prep, and notary.  This would be a ~$1500 charge to BOA.  I guess my question is more about, is BOA working with an in-house settlement agency and if not, are they asking firms to reduce their fees?   Again....i'm just perplexed on how they can do this.

Mike