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1. The purpose of this document is to provide issuers the opportunity to request the release of mortgage documents held by the document custodian. The information collected will not be disclosed outside the Department without consent, except as required by law.
Is HUD and closing statement the same?
The HUD-1 form, listing all closing costs, is given to all parties involved in reverse mortgage and mortgage refinance transactions. Since late 2015, a different form, the Closing Disclosure, is prepared for the parties involved in all other real estate transactions.
Who fills out the HUD-1 form?
The settlement agent shall complete the HUD-1 to itemize all charges imposed upon the Borrower and the Seller by the loan originator and all sales commissions, whether to be paid at settlement or outside of settlement, and any other charges which either the Borrower or the Seller will pay at settlement.
How do I get a HUD form?
Official HUD forms used in all programs and other commonly used forms are available online to print and download. Printed forms can be ordered online through the Direct Distribution System or by telephone at (800) 767-7468. Forms for housing discrimination complaints are available online.
What does HUD stand for in real estate closing?
The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and mortgage refinance transactions. The reference to HUD in the forms name refers to the Department of Housing and Urban Development.
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The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance.
What is HUD in real estate terms?
0:09 3:08 A government agency established in 1965 by President Lyndon B johnson to combat poverty and ensureMoreA government agency established in 1965 by President Lyndon B johnson to combat poverty and ensure access to quality safe and affordable housing.
Related links
appendix vi-6 form hud 11748-a
Purpose: To be used by the Issuer in connection with Graduated Payment Mortgage pools and loan packages or Growing Equity Mortgage pools and loan packages
Previous editions are obsolete; replaces form HUD-11706-M which is obsolete Page ( 3 ) of ( 3 ) ref. Ginnie Mae Handbook 5500.3, Rev.1. form HUD-11706 (1/2009)
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