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B of A, James B. Nutter & Co. Settle HUD Reverse Mortgage Claims

B of A, James B. Nutter & Co. Settle HUD Reverse Mortgage Claims

The Department of Housing and Urban Development reached settlements with Bank of America and mortgage banking firm James B. Nutter & Co. over allegations that the lenders failed to perform due diligence in underwriting Home Equity Conversion Mortgage loans.

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