Justice Dept.: James B. Nutter & Co. to Pay $2.4M for Allegedly Causing False Claims for Federal Mortgage Insurance
September 25, 2024
September 25, 2024
WASHINGTON, Sept. 25 -- The U.S. Department of Justice issued the following news release:
James B. Nutter & Company, a former mortgage lender located in Kansas City, Missouri, has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly underwriting Home Equity Conversion Mortgages (HECM) insured by the Department of Housing and Urban Development (HUD)'s Federa . . .
James B. Nutter & Company, a former mortgage lender located in Kansas City, Missouri, has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly underwriting Home Equity Conversion Mortgages (HECM) insured by the Department of Housing and Urban Development (HUD)'s Federa . . .