DBA For James B. Nutter & Company NMLS 2067

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Mortgages More Affordable and Accessible

As the CEO of a company that has been in the mortgage business since 1951, I applauded President Obama’s recent announcement of a major new step to make mortgages more affordable and accessible for creditworthy families.As outlined by the president on Jan. 7, the Federal Housing Administration (FHA) will cut» read more…

New FHA rule will spur refinancing

Seeking to build momentum heading into his State of the Union address, President Obama announced yesterday that FHA will reduce the annual mortgage insurance premiums (MIP) that new borrowers pay on FHA loans by half a percent.Designed to bolster the nation’s housing market, the new FHA rule is intended to» read more…

OPEC and Your House Payments

American consumers have been benefitting from low gas prices, and those bargains at the pump have been accompanied by historically low mortgage rates.When the economy is growing - as it is now at a healthy 4% - oil prices typically rise with demand. But the low oil and gas prices» read more…

Hot Refinancing Trend: The Term Reduction Refinance

Since the Federal Reserve began aggressively cutting interest rates in 2007, millions of homeowners have refinanced their mortgages with the sole purpose of reducing their monthly payment. This cost-cutting refinance strategy certainly makes sense for those homeowners who need immediate relief from their high mortgage payment or who may be» read more…

How to Beat Those Holiday Bills

Each year, beginning as early as September, American consumers embark on their annual holiday shopping sprees, cramming a year’s worth of spending into just a few months. According to the National Retail Federation (NRF), the U.S. retail industry generated over $3.2 trillion dollars in holiday sales in 2013 and due» read more…

Our CEO has something to say to Mr. Bernanke

Mr. Chairman,I recently read an article on CNN’s website that stated you were just denied an opportunity to refinance your home loan. I am President and CEO of a mortgage company that never participated in Sub-Prime lending and made it through the crash virtually unscathed. I have been a personal» read more…

James B. Nutter, Sr. Selected by U.S. Senate

U.S. Army Veteran and mortgage banker James B. Nutter, Sr. was recently selected by the U.S. Senate to serve on the World War I Centennial Commission, a blue-ribbon panel tasked with planning the nation’s celebration of the 100th anniversary of the “Great War”.The special 12-member Commission was formed when President» read more…