Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

Originator Moves On from CU Sex Scandal

Originator Moves On from CU Sex Scandal

Pasha Cowan craves normal life for son

June 16, 2005

By PAULA PARISOT

 

photo of Paula Parisot
Paula Parisot
Caught up in the middle of a sex scandal, loan originator and one-time escort service operator Pasha Cowan said she never imagined that just a phone call to a local police detective would have led to such misery and mayhem for her and her teenage son.

Cowan said she couldn’t believe it when Colorado University football coach Gary Barnett said on a television newscast that the University never used sex or girls to recruit players. She knew she had to step in and let the truth be known — that Colorado University representatives had frequently called her to send over girls for sex for hire.

“I was trying to help the alleged rape victims by confirming the fact that CU used sex to lure recruits,” she explained.

The university did not respond to MortgageDaily.com’s requests for comments.

A former prostitute herself, Cowan admits she isn’t a saint but wanted to set the record straight. “I didn’t like the idea of them blaming the girls (for the rape scandal),” Cowan told MortgageDaily.com. “I was so naive though, I didn’t realize it was going to be such a national scandal.”

Cowan’s only conviction, she said, stemmed from a traffic violation in the 90’s, which led to her photograph being plastered across the country.

Initially the police department tried to keep Cowan’s identity a secret, she said, but the media had dug up an old mug shot of her “looking all Goth…with mascara running down my face” and her photo was released to the local newspapers as well as cable news stations, including ESPN.

After that, she said, “I lost my job, I was evicted and everything went to hell-in-a-hand-basket.”

“I’ve lost 80 pounds — mostly due to stress, and I’ve cut my hair to look different,” she said regarding the hostile reaction from people who recognize her. “I’ve had to move twice in the last year because of the scandal.”

“I thought if I went out of the immediate area it would be better,” she continued. “So, I got a job in Fort Collins at a mortgage company as a processor.”

But when the son-in-law of the owner walked in, he recognized Cowan and later that evening her boss called to inform her that they no longer needed her at their company.

“Because of who I am it is harder for me to originate,” Cowan explained about her present position as a loan originator. “I understand though, that it is their (the applicant’s) money and they want to trust whoever they work with, but they’ve seen slanderous stories on the news about me.”

Cowan said she was blessed the day she met Alyssa Moist, co-owner of Silver & Nash, and her landlady. “I was lease purchasing a home from Alyssa,” Cowan explained.

“She has a big heart; she offered me a job at Silver & Nash,” she added. “I’m so lucky, if I don’t make enough (in originations) she’ll let me do office work to make it up.”

Silver & Nash was founded last year, Moist said, by herself and Liza Adams and offers a full range of residential and commercial lending products, including subprime. Moist said the company has closed $30 million in the past year.

About Cowan, Moist said, “She has been great and I trust she is getting everything back in order to overcome this mess she has gone through.”

Moist added that she thought it was “horrible” what Cowan went through and would be happy to help out any woman who was caught up in a similar situation.

For the future, Cowan said she just wants some peace.

Cowan said she has already testified before the Grand Jury and is now scheduled to appear as a witness for the prosecution in August, but she hopes that the defendant, former University recruiting aide Nathan Maxcey, will plead a lesser charge to avoid a trial.

“I just want to work, not be recognized, not hide my son from reporters or schmucks,” she told MortgageDaily.com. “Maybe other people like Alyssa are out there and will give me a chance. Some people crave the limelight and fortune, I just want normal.”


Paula Parisot is a MortgageDaily.com feature reporter and a blogger at CloserBlog.com who has also worked in the mortgage industry.

Email Paula at: PaulaParisot@MortgageDaily.com

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION