HUD Fees Defined Please

Submitted by paula.parisot on Mon, 04/12/2010 - 13:38

The Appraisal Institute is requesting that HUD clarify on the HUD-1 the fees that are being paid to AMCs as “Origination” or “Other Settlement Services,” so borrowers are aware that the increase is due to a third party vendor, and not an increase of appraisal fees.

Click here to read the letter from The Appraisal Institute.