I have confirmation numbers from my bank and I have never had a problem paying this way, even to them. Greentree Financial Group's headquarters are located at 7951 SW 6th St Ste 216, Plantation, Florida, 33324, United States What is Greentree Financial Group's phone number? STE. We agree with the district court's observation that North American's "reprehensible" actions involved management, and were "widespread and systematic, spanning six or seven offices and involving numerous groups of employees." However, the jury (and the district court) rejected this theory, opting for an alternative explanation-North American's desire to expand into the subprime market, at any cost.14 North American has not shown that the jury's assessment of the facts was unreasonable. Green Tree is also barred from transferring loans in loss mitigation in or out of the company without all the proper paperwork and records in place. Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. The lies, over and over. I let the property go into foreclosurethey received less than what I paid for it. See reviews, photos, directions, phone numbers and more for Greentree Financial locations in San Antonio, TX. My loan started out at 48,000 on my double wide, paid on it for about 16 years and now owe 67,000 on it. Ditech is not answering my call, whom do I contact to get my money back . How do I get answers on how to receive money back from my home. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. In 2000, over the course of several months, a substantial number of Conseco's office managers and loan originators resigned, and many of Conseco's former employees took jobs working for North American. A $12.5 million settlement has been reached and is pending approval in the class action lawsuit filed against Green Tree Financial Corp., formerly Conseco Finance Corp., by shareholders. Next, North American claims that because the Missouri Uniform Trade Secrets Act has replaced all common-law remedies, no tort claim is maintainable unless the information qualifies as a "trade secret" under the statute. (Jul-23-03) [PIONEER PRESS] They demonstrate what should be obvious: Single-digit multipliers are more likely to comport with due process, while still achieving the State's goals of deterrence and retribution, than awards with ratios of 500 to 1 [as in Gore], or in this case, of 145 to 1." I. Furthermore, even if North American's pre-verdict objection could be construed as a challenge to the submissibility of the unfair competition claim,8 the tortious interference judgment remains. My husband passed away in August 2018 and Im burdened down with this horrible situation. Thank you. (0) Super Helpful (0) They're not great but not a Ripoff (0) Total Ripoff (0) Several of these former Conseco employees resigned after receiving solicitations from North American. CEO Approval. Home loan options include fixed rate, adjustable rate and FHA loans. I had a loan with Greentree which the company did unlawful practices who do I reach out to for compensation. The . What Mortgage Rate Can I Get With My Credit Score? By his own admission, Keeler's increased compensation was due in part to his work in the company's subprime market expansion. Although it is undisputed that the lead sheets themselves are not generally accessible to the public, North American asserts that much of the information contained within these lead sheets can either be purchased from various credit agencies or found in mortgage records, all of which are accessible to the public. He was the utmost rude one. They are nothing but crooks. Furthermore, Conseco takes reasonable steps to ensure the secrecy of these files. Podner said he copied the files in order to aid an employee who wished to make the transition to loan originator. Is it still possible to be compensated? [2], In May 2014, Ditech launched a co-branding and joint-venture initiative with more than 600 institutional partners that provide mortgage and refinance loans to their customers. No doubt the language of State Farm, in which the Supreme Court suggests that "four times the amount of compensatory damages might be close to the line of constitutional impropriety," is the foundation for North American's allegation of constitutional error. Please ..I want to know how we can be a part of this lawsuit. As noted by the district court, North American management knew that employees were working and being paid by both companies at the same time.12 Rather than undertake any investigation, corrective, or disciplinary action, it elected to use the dual employment as a "model" in other offices. of Elec. North American also claims that these individual indiscretions do not amount to "corporate" wrongdoing by North American. In 2006, ditech.com general manager Michael McCarthy resigned and was replaced by Richard D. After all, a payback journey that's good for your credit is really what matters. Walsh, 332 F.3d at 1159; LeSueur Creamery, Inc. v. Haskon, Inc., 660 F.2d 342, 346 n. 7 (8th Cir. I feel I was ripped off became homeless because of Green Tree. They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? Nice article. It specializes in "servicing" (debt-collecting) subprime residential mortgages. Green Tree mortgage servicing company will pay $63 million to settle federal charges that it harmed homeowners with illegal loan servicing and debt collection practices. The company has filed for Chapter 11 Bankruptcy for the second time in 14 months. However, the record is clear that the district court repeatedly rejected Conseco's requests that it be allowed to introduce evidence of North American's discovery abuses. Bank of America sold to Green tree and then to Ditech. Thanks in advance. Pursuant to the requirements of the Order, The estate is no longer able to further process the return of any unclaimed borrower funds. And will not tell me nothing, except, paid your payment, my lawyer told me I dont miss payments. Who do I need to contact to get additional info about this claim? Hi Folks I am in need of my Title to my Modular Home I paid off in 2016, so I can sell my home. I wonder if Green Tree will go out of business because of this. and (3) Will the victims be required to apply for a settlement? Also, North American's senior manager, Wade Hershel, received faxes containing Conseco loan documents originating from Conseco's St. Louis branch office from loan originators with this clandestine dual-employment status. Visit the following to file claim or get information about filing claims etc: you need to exercise patience as the telephone numbers doesnt seem to work. I thought it was going to be a pain but Greentree was actually great to deal with. Greentree has done everything than can think of to get my home. T213. My credit score was above 780, with no late payments. To insure the confidentiality of these lead sheets, Conseco requires all employees to sign a form that acknowledges their receipt and understanding of the contents of Conseco's Employee Handbook. He would lie to my husband and ask why I wouldnt speak to him. 1998). Pulse they put on my credit report that I was evicted. All we got was harassing calls all day long and at my husbands job. I hired a lawyer in May this year. Fed. Who do we talk to about a lawsuit? You might be able to get more info by calling 1-877-FTC-HELP (1-877-382-4357). I had a Making Home Affordable Plan and had many problems with them. James & Devern Robertson, I purchased a trailer didnt know the greentrees name was on the title and I still havent received the title and I need that title because I paid the trailer all anybody can help me please do so. We work with many lenders as well as advertisers and other networks across the nation. [15], Ditech offers a range of home loan and refinance options. Then my account was sold to Ditech that did a loan modification which have me owing an outrageous balance after being in our home for 11 years. After a very long time, I did get approved for the loan mod, and still recvd papers saying I was kicked off this too went on for a LONG TIME! If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. 1993). I told them they were charging me 3x my payment and I had made them on time. Mortgages are often transferred during the life of a loan, so consumers may find themselves locked in a relationship . Greentree has been continually harassing. Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. The companys short sale department was also frequently unreachable and unresponsive, and it often took two to six months to receive a response to short sale requests. They started charging me late fees, supposedly sent some investigator to check if I still lived in the home and charged me for the service even though I never had any contact with the person, never saw them and had no information it had been done. The facts and issues in this case arise from actions taken by North American to acquire information about individuals that is contained in Conseco's confidential files. But the company is not closing. [3], Powers introduced "People Are Smart," an advertising campaign that leveraged GMAC's reputation as a responsible lender and stressed the importance of making prudent decisions based on expert advice provided by ditech.com loan consultants. We are further convinced that North American's net worth was not the sole consideration in the jury's punitive award. I think the government allows this because it is still happening I am a single mother of five I lost a child to because of this mortgage company my only son I am still homeless I lost my reputation because of them they are the lowest scum on this earth to do this to all of these honest home owners they will never know the word or term honest I wish they would go threw what I am going threw they would not make it nothing but ugly ignorant people Im so disappointed if the government cant control them maybe there should be other ways to solve this problem I have not got help from them all this rental assistance is also family helps just family and friends I really need help who can help me Ive about lost it. My loan is FHA 7% 30 years, fixed rate, with PMI payments. Bristol also testified that he began his employment with North American on June 30, 2000, but did not resign his position with Conseco until July 12, 2000. The transition concluded in the second half of 2015. That is my just due.i dont care how many times the sell or reinvent themselves, they are still the same company as far as I am concerned. Both motions were denied by the district court, and the case was submitted to the jury on Conseco's claims of unfair competition and tortious interference. Your email address will not be published. And doing something about it, cause Lynn Im that ((((B)))). Conseco's financial analysts estimated that Conseco suffered compensatory damages of between $3.5 million and $3.9 million. If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Witnesses for both parties testified that the information contained in these files was recognized by all Conseco employees as confidential, and therefore not to be disclosed. Green Tree caused me to have anxiety attacks and depression!! The State of California received a notice from Ditech that I overpaid something and am due a refund, but Ditech no longer exists. If thats not enough, Green Tree also allegedly called delinquent borrowers seven to 20 times a day if they were two weeks or more past due, sometimes as early as 5 A.M. or as late as 11 P.M. Green Tree Financial Corp., 330 S. C. 388, 498 S. E. 2d 898 (1998). The purpose of requiring the moving party to articulate the ground on which the Rule 50 judgment is sought "is to give the other party an opportunity to cure the defects in proof that might otherwise preclude him from taking the case to the jury." Told us to get out immediately they were so hateful would not help in any way at all. Jul 22, 2010 09:17 AM Like Anonymous Vikki Shore I just cant imagine how the Goverment will let Greentree stay in business or how the people that work there look in the mirror knowing how many people they have hurt . 1994)). . They claim they did not receive my last payment when it was paid via my banks bill pay. Please help! [23] Later that year, the company's forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets Management LLC.[24]. We were victims of Greentree. Find locations. I too was with BOA and while my home was in remod with BOA they dropped me & sold my loan. Can someone please please please HELP me? As such, it captured over 25 percent of that business by 1993. Multi Location Business. They prey on people who are down on their luck with bad credit. Related documents Order Complaint FTC Press Release Press release Zachar, 363 F.3d at 74 (quoting Davignon v. Clemmey, 322 F.3d 1, 13 (1st Cir. Green Tree Servicing, LLC | Consumer Financial Protection Bureau Enforcement Actions Green Tree Servicing, LLC CFPB and the Federal Trade Commission took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. 1995) (quoting Cortez v. Life Ins. Now they want over $9,000 from me for some reason. Another time they did their yearly audit and, instead of using 12 months for the yearly audit to adjust taxes and insurance they used 18 months for funds needed which greatly increased my monthly payment amount. See Mo. I had a modification done with Bank Of America. Shell point mortgage servicing owns the mortgage now. R. Civ. After the jury returned a verdict against North American on each of the claims, North American filed several post-trial motions, primarily relating to the damage awards. In early August 2000, Conseco sent a letter notifying North American's legal department of the misconduct by Scott Bristol and his loan originators and asking that it stop. Accordingly, North American concludes that there was insufficient evidence, absent proof of net profit, for any submissible cause of action to survive and requests that we overturn the jury verdict as a matter of law and enter judgment in North American's favor. In order to recover damages for unfair competition, Conseco was required to prove 1) the existence of a trade secret, 2) the communication of the trade secret to another, while that former employee was in a position of trust and confidence with Conseco, and 3) the use of the trade secret that damaged Conseco. This list included the names and phone numbers of these customers. As to the third Gore guidepost, North American concedes there is "no precise cognate in Missouri criminal law," but attempts to use the Missouri commercial bribery statute, RSMo 570.150.1(3). State Farm, 538 U.S. at 425, 123 S. Ct. 1513 (citing Pacific Mutual Life Ins. I am still trying to get the documents from current mortgage service provider and having hard time. Calls throughout the day and weekend threatening jail time and foreclosure. Adherence to the rule is mandatory. Conseco also presented evidence that in its Davenport, Iowa, office-after the filing of the lawsuit-the area manager, Rick Lasek, worked for both companies, copied thousands of Conseco lead sheets, sent them to North American, copied all of the HUD settlement statements from his office, and stated that his goal was to "put the mother [* * * *]ers [Conseco] out of business." We review the district court's denial of a motion for judgment as a matter of law de novo, applying the same standard as the district court. Every time I made my payments just about all of my payment was going in to the interest fees, instead of paying down on the principal. Please help me resolve this with ditech. Id. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. How can I stop getting statements from them? I got mad, I never refinance my mortgage. We, however, affirmed the decision of the district court to deny the injunction. The net worth of North American is approximately $3.6 billion.9 Here, the jury awarded punitive damages of $18 million and compensatory damages of $3.5 million, resulting in a 5.14 to 1 ratio. (800) 700 . Greentree is Ditech so be careful! Nearly 10 months after the FBI was seen at a Green Tree office building conducting what it called "law enforcement activity," Pittsburgh's Action News 4 is . WOW so I have read alot of these stories and not surprised at all after what they did to us. Although Podner claims he made these copies in order to help a fellow employee make the transition to loan originator, Conseco provided evidence that would allow a reasonable finder of fact to determine that a threat of misappropriation existed with regard to these specific files. Contact Information. I called numerous times with no help into correction and emailed them only to get an automated email response that they received my email. Kientzy v. McDonnell Douglas Corp., 990 F.2d 1051, 1061 (8th Cir. Indeed, through possession of these loan files, Conseco is in a unique position of being able to analyze its customers' specific financial needs and identify those current customers who may need additional Conseco financial services. They tacked on so many years to our loan, that we will never be able to pay it off. Greentree was started in 1999 and maintains three offices in Ft. Lauderdale, Florida, Charlotte, North Carolina and Guangzhou China. Bank of America really cost me a lot of money for their role in this sale to an unscrupulous company. I am pretty sure this will never get taken care of after reading all the comments. And, one of North American's senior managers, Carrie Hiatt, knowingly authorized Rick Lasek to work in North American's Des Moines office while Lasek was still employed by Conseco, There was evidence of wrongdoing in several North American locations including: St. Louis, Missouri; Collinsville, Illinois; Springfield, Illinois; Wichita, Kansas; Davenport, Iowa; Colorado Springs, Colorado; and Overland Park, Kansas, North American's senior manager in charge of the company's expansion into the subprime market, Ken Keeler, received compensation based on loan production. You can explore additional available newsletters here. In 2012, I began paying my own taxes and insurance. The trial court initially denied the motion, finding the arbitration agreement unenforceable, but Green Tree pursued an interlocutory appeal and the State Court of Appeals reversed. 2d 1 (1991)). Nothing happened. [2] The brand had effectively disappeared from the marketplace for five years during the mortgage crisis, and the company decided to bring Ditech name back after determining that consumers held largely positive views of the brand. Bristol testified that he believed between one to six of these leads resulted in new business for North American. [3] In April 1995, Reddam began originating, selling, and servicing mortgage loans tied to the prime interest rate. Another of North American's witnesses, Perry Schatz, testified only five percent of Conseco's leads result in a funded loan. [16] Refinancing options include fixed rate, adjustable rate and FHA loans, as well as special financing programs such as HARP with expanded loan-to-value limits for qualified applicants. Ripoff Report on: Greentree Financial - Greentree financial broke the law calls in one day lugoff south carolina I paid my home off in December 2020. Recent filings for GREEN TREE FINANCIAL SERVICES CORPORATION 22 Nov 2010 The Greentree Way | Greentree Mortgage Company, L.P. A TOTAL MISTAKE. I was wondering how your situation turned out so good for you in court? [14], In March 2014, the company resumed originating loans using the Ditech name. This company or like vultures and dont care whom they may devour. Tell how to get I. To the extreme. I faxed all information to them, that was available to me.. Needless to say it has been a fiasco.. Now the are threatening default on loan.. Its ridiculous to try and deal with this company.. Told different amounts even one rep stated it would be forgiven..I have no idea of what else to do..this is just another proof of the fleecing of America, I want to fill out a class action settlement form where do I get one for greentree. I have no escrow. She did this several times, threatening me, stressing me out they would foreclose and I would lose my house due to their error and unwillingness to correct it. the combining form for plasma minus the clotting proteins is what happened to greentree financial As stated so eloquently-and simply-by Judge Posner of our sister circuit, "punitive damages should be proportional to the wrongfulness of the defendant's actions." Initially, we must determine whether Conseco's lead sheets and the information contained in its customer files constitute trade secrets under the Missouri Uniform Trade Secrets Act. This is horrible! God bless all of you also dealing with cancer etc. Shortly after this employee exodus began, Conseco received a letter from one of its St. Louis branch customers, Michael Mambretti, complaining that his confidential loan information had been taken by a Conseco loan originator, from Conseco to North American. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 To learn more about this transition from Green Tree to ditech, please visit www.ditech.com. The 7am phone calls, they keep threatening me and my family. Business Profile for Green Tree Financial Corporation. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. File it with the cfpb and ftc. 1984). "Green. I contacted supervisor who assured me he would check into it. Allegheny County police said the shooting happened in the parking lot of the Unity. However, we cannot allow the punitive damage award to stand at $18 million, and remit the award to $7 million. Is Green Tree Servicing now ditech? I did send CFPB many documents pertaining to abuse by Green Tree. All I ever get is the run around. Is there a phone number to call? Financial Services. It should be paid off and i need the release of lien. 1969)). Corp. v. KCBS, Inc., 910 S.W.2d 329, 331-332 (Mo.App.1995). Please put our name on a Class Action Suit. Cooper Indus., Inc. v. Leatherman Tool Group, Inc., 532 U.S. 424, 435, 121 S. Ct. 1678, 149 L. Ed. 417.453(4) (1995). He went court I couldnt make it their because I had no transportation to get their, so the Judge signed the eviction paperwork. Well GreenTree Financial went bankrupt and their accounts were taken over by Conseco Financial. During this same period, Conseco's mortgage service division downsized. Introduction. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. At the close of the evidence, North American sought judgment as a matter of law arguing that the there was no causal connection between the alleged wrongdoing and the damages. The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations. [6][8] The loans were also low-documentation mortgages, or stated income loans, and many borrowers falsified their incomes. My current mortgage service provider will not let me cancel the escrow account they set up because they are charging me 14 months taxes and insurance instead of 12 just in case it increases and I never get a refund of any excess money they collect and no idea where it goes. None of the entities below own or service loans . However, when passing on a district court's determinations concerning the constitutionality of the punitive award, we use a de novo standard of review. [2] It also announced a corporate re-branding with its servicing affiliate, Green Tree Servicing, which took place in 2015. Statement shows a breakdown of current payment due in terms of principal and interest. Given North American's failure to comply "with Rule 50, our review is limited to `whether the record reflects an absolute dearth of evidentiary support for the jury's verdict.'" The case involves employees leaving an agriculture supply business to join a competitor. Another time they lost my payments and threatened foreclosure again. Ditech Financial LLC (rebranded from ditech Mortgage and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.[1]. Having concluded that these lead sheets and loan files constitute trade secrets, we must next consider whether Conseco produced evidence of actual or threatened misappropriation of these trade secrets. Also, in order to be considered a trade secret, the information must be the subject of efforts that are reasonable under the circumstances to maintain its secrecy. Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 I have reached out to several attorneys, but none can help with Mortgage claims. By the end of August, Green Tree will be no more. Green Tree Financial Corporation filed as a Statement & Designation By Foreign Corporation in the State of California and is no longer active. Shellpoint whatever the heck its called now has been a complete nightmare. 2003)). We do, however, make this procedural observation-North American failed to raise the issue of submissibility of the tortious interference claim in its directed verdict motion either at the close of Conseco's case or at the close of all evidence. Am., 408 F.2d 500, 503 (8th Cir. I am a victim of Green Tree and Ditech can anyone do anything about it. The rep became short with me. I made every payment on time and they refused to pay me the thousand dollars I was entitled to each time I requested payment. This went on for well over a year, all while theyd be calling and harassing me, names and bullying me to get out of my home. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. Not stressful at all. A structured process drawing out and defining with you what your vision is of your future. My payments went back up to what they were before the nodification. Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) ordered Green Tree Servicing to pay $48 million in borrower restitution along with a $15 million fine to the CFPB's Civil Penalty Fund. Please add our name to your Class Action Suit. Lastly, the company has been ordered to provide access to quality customer service so borrowers can actually save their homes from foreclosure instead of being pushed toward an arrangement that compensates Green Tree. Eventually we got word that our payments were not being accepted even with the money in our account, we were instructed to start sending payments in by purchasing through Walmart, which was additional funds. The record establishes that Scott Bristol told North American's senior management that he had not resigned from Conseco when he started working at North American. Fortunately, authorities were able to track the location of the call and . On June 8, 2022 the Bankruptcy Court entered an Order governing the distribution of any unclaimed borrower funds remaining in the Ditech estate. I paid them immediately over the phone once aware and confirmed it was not cashed. They have doubled my monthly mortgage beyond my ability to pay even if I way not a disable vet. Emmenegger v. Bull Moose Tube Co., 324 F.3d 616, 619 (8th Cir. As part of the agreement, Green Tree agreed to pay $48 million in restitution to victims, and a $15 million civil money penalty to the CFPB's Civil Penalty Fund for its illegal actions. I asked for a payoff amount and they refused to give it. Conseco counters that while some of the information within these lead sheets can be harvested from these two sources, its proprietary computer program provides a unique depth of information that cannot be obtained from alternative sources and its loan files contain confidential customer information. (1) how much will the typical victim be paid? On November 7, 2008, Security Pacific Bank, Los Angeles, CA was closed by the California Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. We paid until 2018 July. The Truth About Mortgage. In 2010, my morgage was sold from BofA to Greentree Servicing LLC. Must Convert Temporary Loan Mods into Permanent Ones. Show Transcript. 1150 (E.D. Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. At-a-glance. The second, Kevin Podner, a former area manager from Conseco's office in Springfield, Illinois, testified that shortly before his resignation from Conseco, he made a copy of a substantial number of loan applications on which he had worked during his time with Conseco. Auto. Order Online.