You're wrong about that. The only time 2.75 origination pts. would be charged is if someone were a serious risk. Are you sure you have your numbers right? I've been around the business a loooong time and the only folks that I have ever seen pay those kind of origination fees were the C paper borrowers. The total closing costs might have been 2.75 but that would include a lot of things and certainly not all the money going to the bank.