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In 1964, with foreclosure rates on the rise, Nutter’s company created a forbearance program to help borrowers who were behind on their house payments. [3] In the 1950s and ‘60s, James B. Nutter & Company did not follow the discriminatory lending practices of the day and became one of the first companies in the industry to make home loans in ...
James B. Nutter, Sr. (January 23, 1928 – July 7, 2017) was the founder and chairman of James B. Nutter & Company, a privately owned mortgage banking firm headquartered in Kansas City, Missouri. It is one of the oldest and largest family-owned and operated mortgage lending firms in the United States, servicing billions in mortgages and making ...
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James Nutter may refer to: James A. Nutter , American football player and coach James B. Nutter Sr. (1928–2017), founder and chairman of James B. Nutter & Company
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The first HECM was given to Marjorie Mason of Fairway, Kansas, in 1989 by James B. Nutter and Company. [19] In the United States, the FHA-insured HECM (home equity conversion mortgage), a.k.a. reverse mortgage, is a non-recourse loan. In simple terms, the borrowers are not responsible to repay any loan balance that exceeds the net-sales ...