YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The U.S. Justice Department is accusing Kansas City home lender James B. Nutter & Co. of misconduct in its reverse mortgage practices.
A federal lawsuit claims the firm hired unqualified underwriters to review federally insured reverse mortgages meant for elderly homeowners and forged signatures to make it seem like qualified underwriters approved the loans.
Lawyers for James B. Nutter & Co. have said the accusations are unsubstantiated. The case is now in Kansas City federal court.
Read more from the Kansas City Star.
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