Fannie Mae Selling Guide B3-5.3-07: Significant Derogatory Credit Events — Waiting Periods and Re-establishing Credit
, Significant Derogatory Credit Events — Waiting Periods and Re-establishing Credit (08/07/2019) Introduction This topic contains information on the waiting periods for significant derogatory credit events, including:
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- General Information
- Identification of Significant Derogatory Credit Events in the Credit Report
- Bankruptcy (Chapter 7 or Chapter 11)
- Bankruptcy (Chapter 13)
- Multiple Bankruptcy Filings
- Foreclosure
- Foreclosure and Bankruptcy on the Same Mortgage
- Deed-in-Lieu of Foreclosure, Preforeclosure Sale, and Charge-Off of a Mortgage Account
- Summary — All Waiting Period Requirements
- Requirements for Re-establishing Credit
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.