Significant Derogatory Credit Events — Waiting Periods

Program Chapter 7 BK Chapter 11 BK Chapter 13 BK Foreclosure Short Sale / charge off/ deed-in-lieu
Conventional (Agency) 4 Years 4 Years 2 Years from discharge date;

4 Years from Dismissal date

7 Years 4 years
FHA (TOTAL Score Card) 2 Years from discharge date 2 Years from discharge date 2 Years from discharge date 3 Years 3 Years
Jumbo / Jumbo Plus 4 Years 4 Years 4 Years 7 Years 4 Years
Preferred Portfolio ARM 3 Years 3 Years 3 Years 5 Years 2 Years
Eagle A 4 Years from discharge date 4 Years from discharge date 4 Years from discharge date 7 Years 4 Years
Eagle A- 3 Years from discharge date 2 Years from discharge date 2 Years from discharge date 3 Years 2 Years
Falcon Credit Ascent A 2 years 2 years 1 year 2 Years 2 Years
Falcon Credit Ascent B 2 Years 2 Years Settled* 2 Years Settled*
Falcon Credit Ascent B- Settled* 1 Year Settled* 2 Years Settled*
Falcon Credit Ascent C Settled* Settled* Settled* Settled* Settled*
Condor 1 Month Bank Statement A 3 Years 3 Years 3 Years 3 Years 2 Years
Condor 1 Month Bank Statement A- 2 Years 2 Years 2 Years 2 Years 1 Year
Condor 1 Month Bank Statement B 2 Years 2 Years 2 Year 2 Year Settled*
Condor 1 Month Bank Statement B- 1 Year 1 Year 1 Year 1 Year Settled*
Condor 1 Month Bank Statement C Settled* Settled* Settled* Settled* Settled*

*1 Day out of Settlement of event