B of A offers No Fee Mortgage

For those buying property and looking to reduce down payment and closing costs, Bank of America is offering a "No Fee" mortgage. They assert that with the exception of the taxes, "prepaids", and insurance, there are no fees - and the interest rate is competitive. Is it for real? Who knows. I'd love to see others follow suit, though! In my mind, it is a real indication of changes in the mortgage market. It indicates that despite the perceived housing slowdown, banks are still competing in siginificant ways to try to drive loans.