Thread Starter: RR Joker
Title: Re: HUD
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If the payment amount changes, do you have to cure? No. But why is your payment changing...you can't just change it because you allowed stale documents to be used in closing a loan post date.
Why would you have a delayed signing date? You should re-print your docs if they don't close on schedule. Your HUD needs to be accurate, however. If you are showing the 'old' payoff on the HUD, it is incorrect, IMO. Again, it all goes back to a true and accurate settlement (loan) DATE.
So, if you closed on the innacurate HUD (low payoff) then as far as I'm concerned, you are on the hook for the additional interest to pay the old loan off. That should make the HUD, based on the earlier date, accurate by default.
That's my take on it at any rate.
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