Regular Contributor
Posts: 171
Registered: ‎06-15-2012
Re: Wait time for new lender after 9th payment of rehab

Yes, your loan will now be picked up by a new lender. The default notation will come off your credit report, but most of the time the lates that led up to the default remain on your report until the 7.5 year CTRP is up. So there may be some negative marks remaining, but the default is the big kahuna and that should be removed.