HUD-1 Settlement Statement
Prior to October 3rd, 2015, or if you Apply for a Reverse Mortgage today, borrowers receive a HUD-1 Settlement Statement rather than a Closing Disclosure (CD). The HUD-1 Settlement Statement is not used for Mortgage today with the exception of Reverse Mortgages. For Regular mortgages, a Closing Disclosure (CD) is now used.
The HUD-1 Settlement Statement 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.
Click to View Sample HUD-1 Settlement Statement or other HUD forms
Related Topics: What Counts as Business Day Uniform Residential Loan Application The Closing Disclsoure (CD) Reverse Mortgages
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