Greg Cowart on Zillow
Greg Cowart - Mortgage Broker or Lender at The Securus Group
Greg Cowart - Roseville Loan Guy

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No appraisal on a purchase? Yes, it’s real.

It sounds a little on the crazy side but it is true, Fannie Mae and Freddie Mac have announced that some of the purchase loans underwritten to their guidelines will no longer require appraisals. They’ve been allowing this on some loans for years (FHA and VA also does for refinances if they already […]

Conforming loan limits increase in first time since 2006

Good news on the loan front! For the first time in a decade Conforming loan limits have increased, offering a little bit of relief and flexibility for borrowers that otherwise would be stuck exhausting more of their resources on a larger down payment, or forced into the Jumbo market.

The new Conforming loan limit for […]

HARP myths debunked…

Tracy Mooney, Senior Vice President of Freddie Mac put out an insight on the mortgage giant’s blog today discussing some common misconceptions about the HARP program. Here is the link, check it out for the top 9 myths about HARP (such as myriad of ideas people have as to why they do not qualify for […]

Conforming loan limits stay the same for 2014…

The Federal Housing Finance Agency (FHFA), overseer of mortgage giants Fannie Mae and Freddie Mac (GSE’s), has decided to leave the maximum loan limits for loans they guarantee unchanged for 2014. The maximum conforming loan limit will remain at $417,000.

As has been the case since 2008 some areas considered “high […]

Bill in congress attempts to open up refinancing for more worthy homeowners (will it work)?

The ‘Responsible Homeowner Refinancing Act of 2013’ has been (re)introduced in the US Senate. This bill’s aim is to help homeowners that are not otherwise eligible to refinance through another program (such as HARP or Home Affordable Refinance Program) to take advantage of today’s historically low rates.

Originally introduced last year […]

New & Improved Short Sale Guidelines Changing The Game?

The Federal Housing Finance Agency (FHFA) has announced new, more clear, guidelines, for mortgage companies that will bring many short sale programs into just one and streamline the timeframes as well. The new short sale streamline program is going to enable lenders to speed up the process of qualifying eligible homeowners, which should, […]

Fannie & Freddie making important policy changes…

If you’re unemployed and in danger of going into default on your mortgage the nation’s Government Sponsored Enterprises (GSE’s), Fannie Mae & Freddie Mac, are making some important changes to their foreclosure and forbearance (when the bank suspends collection of payments for a period of time, kind of like a timeout on making […]