Just trying to confirm as this just happened with one our secondary market lenders...
They added "points" in section A. on the CloD to buy down the rate.
1. As long as the customer agreed to do this, then we can document this as a changed circumstance, right?
2. If it should not have gone in the points in section A, which line # and fee name should it have been added to?
Hope this made sense. Thanks.
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All comments are mine & should not be taken as legal advice.