Good news for people who filed bankruptcy and are back on their feet and hoping to obtain a mortgage. Fannie Mae recently reduced the mandatory waiting period after a bankruptcy from 4 years to 2 years. The FHA mandatory waiting period remains the same at 1 year.
To read more, click on the link below:
http://themortgagereports.com/16750/fannie-mae-waiting-period-bankruptcy-short-sale-foreclosure