Is there any guidance as to where the amount provided from the bank to a borrower as a "gift" be disclosed on the LE and/or CD? I don't think it's a lender credit (general or specific) because it is not provided by a third party. Thank you!
Yes, this is coming from the Bank. There are other programs that the bank offers where there is assistance tp the borrower provided by a third party, however, I am being told that this is a gift from the bank.