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  - On a 5/1 ARM, why does the 2011 TIL say "MAXIMUM during FIRST FIVE YEARS" when the payment actually adjusts at the beginning of the sixth year?
  - I noticed 'Closing Cost Types' in the Closing Cost Setup defaults. What are those?

I noticed 'Closing Cost Types' in the Closing Cost Setup defaults. What are those?

At present, only file exports to the MRG closing docs interface are affected by the Closing Cost Type settings.

If you export to MRG for closing docs, Closing Cost Types selected on the HUD must correlate correctly to the HUD line items (click 'Closing Cost Types' on the HUD1 page 2 to set those associations). Mousing over a HUD line item will show you the current Closing Cost Type selection for that item.