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 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 ...

In Mortgagee Letter 2020-07, dated April 6, 2020, the U.S. Department of Housing and Urban Development (HUD) announced the acceleration of the development and deployment of the FHA Catalyst system to ...

Can now extend the term from 360 months to 480 months. The Federal Housing Administration (FHA) announced Wednesday that it’s increasing the maximum term for a mortgage modification to 40 years or 480 ...

Over 2 million FHA borrowers became delinquent in FY 2022, and 1.8 million sought relief. Over 1 million entered a loss mitigation plan, while 655,000 have cured or paid off their mortgage without one ...

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 ...