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James B. Nutter & Co. Faces DOJ Fraud Lawsuit

The Department of Justice has hit James B. Nutter & Co. with a civil lawsuit claiming improprieties in the Kansas City home lender’s reverse mortgage business. So reports the Kansas City Star.

The DOJ claimed that James B. Nutter & Co. inflated its loan production by forging signatures and employing unqualified underwriters.

Lawyers for the company called the allegations unsubstantiated.

Read the full article from the Kansas City Star.

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