HUD-1

Article of the Day: Jumbo Mortgage Rates Too High Compared To Non-Jumbo Mortgage Rates

Posted:Aug. 29, 2008
04:08 PM

HUD-1 Defined
The HUD-1 is a document required by RESPA (Real Estate Setllement and Procedures Act, the controlling Federal law) to show actual charges and adjustments for all parties including the seller, buyer, agents, lenders, and all third parties.
Another name for the HUD-1 is the closing statement or settlement sheet.
A HUD-1 is [...]

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