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Residual Receipts Note (Nonprofit Borrowers) U.S. Department of Housing and Urban Development Office of Housing OMB Approval No. 25020598(Exp. 06/30/2017)Public Reporting Burden for this collection
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U - HUD stands for Uniform Residential Loan Application, which is a standard form used by borrowers to apply for a mortgage.
Borrowers applying for a mortgage loan are required to file U - HUD.
U - HUD can be filled out either electronically or manually by providing personal, financial, and property information.
The purpose of U - HUD is to gather necessary information from borrowers applying for a mortgage loan to assess their eligibility and creditworthiness.
Information such as personal details, employment history, income, assets, liabilities, and property details must be reported on U - HUD.
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