@Harry Gamble Thanks for the input, your confirming my initial thoughts. 

They are just gambling their clients money with zero effort or strategy whatsoever.

This process seems to resemble closer to gambling than investing to me.

For me personally, I took the gamble of deciding to self manages a property that is rented out by the room, 3 years ago.

Unfortunately investing in new builds for appreciation with the hopes of assigning properties does not work for a first property without great risks involved, it's akin to gambling.

Real Estate is the King of Assets.it's never worth zero.You cannot add value to a stock.Stocks are gambling.

very true, with inflation through the roof and interest rates going higher it will wipe out the lower class.. which I know at some point they would need to lower rates not counting the resection we are already in "just not announced yet".. but correct it's a gamble

With an ARM loan you are essentially gambling that when its time to refinance (in 5 years), the rates then, will be at or below your current rate for instance.

Its always a gamble.  

Since the loan docs provide for the lender to get atty fees if it's successful in court, reciprocity says you should get yours if successful.That's probably how we would proceed if BOA fails to rescind the charges, but it's a gamble and would cost me the same in legal fees (not including litigation) to sue them with no guarantee of a successful outcome.