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JB Nutter Resumes Lending For Certain Wholesale Customers
JB Nutter has started accepting new files from certain customers as the company clears up its warehouse line issues that caused the #2 largest reverse mortgage wholesaler to suspend all new...
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Generation Mortgage’s Wholesale Business Sees Growth in 2009
RM Insight published a new report which details how the wholesale reverse mortgage business has performed over the last year. In terms of rankings, the only wholesaler that moved up from the end of...
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Financial Freedom Loses Top Wholesale Reverse Mortgage Lender Title
RM Insight published a new report showing that JB Nutter has over taken Financial Freedom as the largest wholesale reverse mortgage lender. The data shows that over the last year, Nutter saw its...
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JB Nutter & FTC Make Peace Over Consumer Data Security
Last week the Federal Trade Commission and JB Nutter agreed to a consent to resolve charges that the company violated federal law by failing to provide reasonable security for consumers’ sensitive...
View ArticleReverse Mortgage Companies See Opportunity in Wholesale
When JB Nutter announced it was suspending new submissions for its wholesale business, brokers scrambled to get files closed with other lenders and it lead to slower turn times across the industry....
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Top Wholesale Reverse Mortgage Lenders, Genworth’s Business Booming
Wholesale reverse mortgage volume faired better than the retail side of the business in August. According to data from RM Insight, wholesale volume was down 2.7% compared to retail endorsement volume...
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Reverse Mortgage Lender Completes SAFE Act Course
AllRegs announced that reverse mortgage lender James B. Nutter & Company has successfully completed its 20 Hour Mortgage Loan Originator SAFE Comprehensive Course. The course was approved by the...
View ArticleReport Digs Deeper Into CFPB Reverse Mortgage Complaints
Last month, the Consumer Financial Protection Bureau (CFPB) published thousands of consumer narratives describing their various complaints with financial products, including reverse mortgages. But in...
View ArticleMass. High Court Sides with Reverse Mortgage Lender in Foreclosure Case
The Supreme Judicial Court of Massachusetts ruled in favor of a reverse mortgage lender in a foreclosure case earlier this month, finding that mortgagees don’t have to explicitly spell out their legal...
View ArticleNutter Home Loans folds amid reverse mortgage lawsuit filed by DOJ
Reverse mortgage lender Nutter Home Loans, aka James B. Nutter & Co., has closed its doors amid a protracted fight with the U.S. Department of Justice. The news was first reported by local outlet...
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