Fannie Updates HUD-1 Rules

October 13, 2009

Fannie Mae recently issued new rules pertaining to its underwriting and eligibility policies, including changes to the HUD-1. Read on to learn how the changes impact escrow closing states, whether or not the buyer and seller need to sign the same document, and if a new HUD-1 is required if slight changes were made after one party signed the document.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.