James B. Nutter, Kansas City Business And Political Power Broker, Dies At Age 89
James B. Nutter, Kansas City business and political power broker, dies at age 89
James B. Nutter, a titan in Kansas City’s business and political circles, died on Friday. He was 89.
Nutter, who founded home mortgage company James B. Nutter & Co. in 1951, was known as a businessman for his forward-thinking policies. James B. Nutter & Co. was among the first mortgage banking companies to offer Veterans Administration loans, extended loans in minority communities that other banks would overlook and eschewed the type of risky subprime loans that helped trigger the Great Recession.
“We lost market share because we didn’t make those horrible loans, because it was wrong,” Nutter told The Star in 2012.