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The HUD-1 settlement statement was the standard real estate settlement form for federal mortgage loans prior to 2015. See how a HUD-1 works.The instructions for completion of the HUD-1 are primarily for the benefit of the settlement agents who prepare the statements and need not be transmitted Financial Operations and Accounting Procedures for Insured Handbook (4370.2) CHAPTER 4: HUD CHART OF ACCOUNTS, PDF. APPENDIX 1: CRIMINAL STATUTES, PDF. HUD-1 Form lists a complete accounting of the purchase transactions. Below you The HUD-1 Settlement Statement is the financial picture of the closing. A HUD-1 form is an itemized list of all charges to be paid by the borrower in order to close a reverse mortgage or a refinance transaction. The HUD-1 provides a picture of the monetary side of the property closing. excess tax and insurance reserve accounts if you assumed the seller's loan, HUD-1A, Settlement Statement - Optional Form for Transactions without Sellers HUD-11710-A, Issuer's Monthly Accounting Report (GNMA Mortgage-Backed The following are instructions for completing the HUD-1 settlement The computation steps for aggregate accounting are set out in 12 CFR 1024.17(d).