One common HUD form is the HUD-1 settlement statement, which was previously utilized for a few types of mortgage products but is now used. Subscribe To Newsletters. Subscribe To Newsletters; ...

One common HUD form is the HUD-1 settlement statement, which was previously utilized for a few types of mortgage products but is now used only for reverse mortgages.

A HUD-1 is a type of closing statement. However, outside of reverse mortgages and mortgages closed on or before Oct. 3, 2015, most real estate transactions now use a closing form called the ...

A HUD statement — or HUD-1 Settlement Statement — is a summary document that details loan costs and credits on reverse mortgages and mortgage refinances.

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 ...