A federally mandated disclosure formerly provided to the homebuyer at the end of a real estate transaction.
A HUD-1 from was a federally mandated disclosure formerly provided to the homebuyer at the close of escrow (i.e., the end of a real estate transaction). "HUD" stands for the U.S. Department of Housing and Urban Development.
In an attempt to be more user-friendly, the HUD-1 form was replaced by the Closing Disclosure (CD) and is no longer used to reflect the final fees at closing. Along with the similarly outdated Good Faith Estimate (replaced by the Loan Estimate) provided to the buyer at the start of escrow (i.e., the beginning of a real estate transaction), these forms were originally intended to provide the buyer with a clear representation of all charged fees and any fee changes from start to finish.