Hud-1

Business / Loan / Hud-1: Also called a 'Settlement Statement' of all costs and fees in your closing.

Hud-1 Settlement Statement

Business / Real Estate / Hud-1 Settlement Statement: At closing, in conformance with Real Estate Settlement Procedures Act (RESPA) regulations, a HUD-1 settlement statement is prepared showing the exact closing costs to buyer and seller. MORE

Recording Fees

Business / Loan / Recording Fees: Fees charged by the local government to record loan documents (for example, the mortgage). These fees will be charged to the borrower and shown on the Settlement Statement (HUD-1). MORE

Fees

Business / Loan / Fees: This is money you pay or is charged to you up front to get a mortgage loan. You may pay fees in cash or finance them (or a portion of them) as part of the loan. If you finance fees, your loan balance MORE

Processing Fee

Business / Loan / Processing Fee: A fee charged by lenders or brokers to prepare a complete loan application file. A processing fee may be charged to the borrower and shown on the Settlement Statement (HUD-1). MORE

Underwriting Fee

Business / Finance / Underwriting Fee: The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters. MORE

Document Preparation Fee

Business / Loan / Document Preparation Fee: An amount of money that you may be charged for the preparation of mortgage loan documents. This charge will be shown on the HUD-1 Settlement Statement. MORE

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