| Derogatory Event | Waiting Period Requirements |
| Bankruptcy—Chapter 7 or 11 | 4 years |
| Bankruptcy—Chapter 13 | 2 years from discharge date, or 4 years from dismissal date |
| Multiple Bankruptcy Filings | 5 years if more than one filing within the last 7 years |
| Foreclosure | 7 years |
| Mortgage Modification | 4 years |
| Short Sale(Deed in lieu of foreclosure) | 2 years |