Waiting Periods For a Derogatory Credit Event derogatory credit event “Derogatory credit event,” is a Fannie Mae term. This can narrow your chances of qualifying for a home loan. With the right information and some patience, you will eventually land a loan to purchase your desired house. How problematic are past events? First, let’s understand what Fannie
How to secure a mortgage after a Recent Credit Event Foreclosure, Short Sale, Bankruptcy You have passed through a negative credit event that ended with a foreclosure, short sale, bankruptcy and you think that there are a three, four or seven years waiting periods before you can get a mortgage. This is true if the financial event we
