Derogatory Credit Matrix
Posted Thu, 2010-03-11 14:40 by Emily Caryl
Are you working with an applicant with a prior bankruptcy, foreclosure, or mortgage late appearing on his credit report? Then the Derogatory Credit chart below is just what you've been looking for! The chart analyzes derogatory credit guidelines for FNMA, FHA, VA, and USDA GRH mortgage programs.
Huge Mack Daddy Disclaimer: These guidelines were compiled from FNMA Guidelines, The FHA Handbook, VA Pamphlet 26-7, USDA Rural Development Instructions 1980-D, and various wholesale lender guidelines. No comments about my social life, please. When qualifying an applicant, please confirm the accuracy of this information with your chosen lender and mortgage insurance provider (if applicable).
Enjoy!
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