FHA Negative Equity Positions Disclosure (Cx15200), was provided pursuant to the provisions of FHA ML 2014-23 & 2010-23. According to Transmittal: Handbook 4000.1 (06/15/15), both MLs were superseded, and there is no longer a provision in the Handbook which requires the disclosures in this document. As a result, we are retiring Cx15200.
FHA Negative Equity Positions Borrower Certification (Cx15175), was provided pursuant to the provisions of Handbook 4000.1 Pt. II, A.7.d.ii.(C) & A.8.e.ii.(A).(1). Section A.8.e.ii. states: “All Mortgages under the program must close on or before December 31, 2016.” Since it is well beyond the program deadline for mortgage closings, we are retiring Cx15175.
These changes will be in effect on July 20, 2018. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.