Mortgage agreements to become current, how are they viewed by the credit agencies

[Anonymous]

HI everybody-

How do the credit agencies view mortgage arrangements made to bring mortgage accounts current?  We are currently in a repayment agreement that will end in september.  What is reported and does the fact that we were able to climb out of this count for anything on the credit report?

I'm assuming that it would be a least 12 months before I could re-out into another mortgage based on this.   Is that correct?

Thanks for any help you can offer during this difficult time.

[athensguy]

If you went the full 120 days late, then it may be three years before you can get a different mortgage. Otherwise, it depends on how it is currently reporting. Hopefully it is not currently reporting lates every month. If it doesn't go to 120/pre-foreclosure, you can get FHA with one year clean.

[DallasLoanGuy]

you need to tell us how it is reporting on your credit report