The U.S. Department of Housing and Urban Development (HUD) has created a variety of standardized forms for use in certain mortgage transactions and HUD programs. One common HUD form is the HUD-1 ...

A HUD statement — or HUD-1 Settlement Statement — is a summary document that details loan costs and credits on reverse mortgages and mortgage refinances. This document acts as an itemized list of all ...

Columns labeled “Loan 2,” “Loan 3” and “Loan 4” would be completed by the borrower by hand as the borrower shops around with other loan originators. If your loan is sold in the future This section ...

A pile of paperwork thuds onto the closing table at any home sale or refinance. One of the key documents is a government-mandated settlement statement that dissects the costs of the deal. It also ...

What is a HUD-1 statement? A HUD-1 Statement is a list broken down item by item of all seller and buyer costs incurred during a consumer credit mortgage transaction. Both creditors and closing agents ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. The U.S. Department of Housing and Urban Development (HUD) has created a variety of standardized forms for use in certain ...