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 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 ...

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 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 ...

Q: I paid $160,000 for a condominium recently. On the HUD-1 statement, the sales price was listed as $160,000 but there was also a cost of $30,000 that I had to pay. This was a short sale. I would ...

HUD’s overarching mission is to create strong, sustainable, inclusive communities and quality affordable homes which involves HUD entering into business agreements (e.g. use agreement, regulatory ...

A statement confirming that reverse mortgage lenders can conduct a financial assessment to help ensure borrowers can meet their tax and insurance payments on the loans is coming soon, a Department of ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

*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 ...