The U.S. Dept. of Housing and Urban Development (HUD) requires a full disclosure of virtually everything pertaining to your loan. This document is called a settlement statement. A settlement statement includes two separate columns. One column lists a Summary of the Borrower's Transactions and the second column lists a summary of the Seller's Transactions. The statement includes things such as the Gross Amount of your loan, a listing of taxes, a listing of deposits, and any and all money due or exchanged by the buyer or the seller. In addition, if the loan is an ARM, the lender must also provide a historical break-down and accounting of how the loan will perform.