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

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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 […]

Credit Makeover In Five Steps

My friends at local credit repair agency, Blue Water Credit Repair, gave me this GREAT five step path to a credit makeover. While I know all of this myself I can’t take credit for putting it into words (and Blue Water taught me a bit of this stuff anyways). Here you go, a free five […]

Is the “loan mod” business dead? Is that a bad thing?

As of January 31, 2011; the FTC has banned consulting firms from charging up-front fees for negotiating modifications of residential mortgage loans. In Nevada, the Mortgage Lending Commissioner said the constraints of the federal rule “will have substantial impact” on the number of licensed consultants for mortgage loan modifications. His office counts 39 […]

Top 10 rules for handling collection agencies

1. Realize that Credit collection agents are usually working on commissions. This is a JOB to them and the more they get you to pay, the larger their paycheck. They will be persistent and more often than not MEAN, be prepared.

2. Don’t argue with the agent, because you will lose. This is what the […]

“We want to streamline and standardize the short sale process”

News on the short-sale front? News straight from Washington? It looks like the long rumored short sale streamline process is finally on it’s way. This could be big news for Sacramento and the entire California Real Estate Market. Check out all the information in this article from the NY Times.

“Walking away” from your mortgage? Maybe think twice…

With so many homeowners underwater I hear daily about people “walking away” from their homes, as if it was such an easy decision to make. Maybe it is? With it becoming so commonplace these days maybe it is an easy decision to walk away from your home and mortgage when you owe more […]

Foreclosure vs Short-sale… Are you being fed bad information???

A lot people call me each month to let me know that a short sale is much better on your credit than a foreclosure and that it will not delay buying another home. While it is true that a short sale can be a little easier on your credit score, it will be treated the […]

The Long & Short

In today’s “real world” a short sail should be a no-brainer. A win-win for all parties. Allowing the seller to avoid foreclosure, the buyer to get a great deal on the sale of the home, and the bank to get out of the deal without the considerable loss and expense of foreclosure proceedings. While the […]

Sacramento Ca, leads the way in battling Loan Mod scammers in “Operation Loan Lies”

I don’t have too much for today’s post (there’s a lot coming this week) but look at this press release from the Federal Trade Commission on “Operation Loan Lies”; the new project to reign in on the loan modification industry. An industry that, if you read my blog often you know, I don’t think highly […]

Today is Black Wednesday for the seconday mortgage market…

Today we have seen the entire bond market take a huge hit. Mortgage Backed Securities and Treasuries are way down, and I mean WAAAAAYYYYYY down. We’ve seen the market off by 2 full basis points. Meaning as much as 0.75% to rates from just yesterday. I will keep an eye on things as […]