I just closed on my deal with Greentree on the second. Product Overview - Greentree is a modular system, allowing you to select just the functions you need for your business - with the flexibility to add further modules at a later date. 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. Servicing Corp. v. North American Mortgage Co., 24 Fed.Appx. [18], Also in May 2014, Ditech announced new correspondent banking products and services including MyCommunityMortgage, FHA Program, Expanded LMPI, and Freddie Only. Podner said he copied the files in order to aid an employee who wished to make the transition to loan originator. 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. 1971) (stating that it is "generally held that an agent's malice is imputable to the corporation making the latter liable for malicious, willful or criminal torts of its agents or employees within the scope of their employment"). The Manager had my car towed away, and I couldnt afford to get it out of impound. Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. Terrence J. O'Toole of St. Louis appeared on the brief. They did without letting me know, if I dont pay, they take my home. A structured process drawing out and defining with you what your vision is of your future. what do I do now? I did send CFPB many documents pertaining to abuse by Green Tree. [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. Finally, we turn our attention to the punitive damage award and consider the three distinct challenges raised by North American-whether the award was (1) against the weight of the evidence, (2) in violation of due process, and (3) grossly excessive. 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. Is Green Tree Servicing now ditech? State Farm, 538 U.S. at 425, 123 S. Ct. 1513. In short, we see sufficient evidence that North American misused Conseco's trade secrets to justify the submission of the unfair competition claim and the tortious interference claim to the jury. At the preliminary hearing, Bristol testified that he and the other Conseco employees were put on the payroll of North American on June 30, 2000, for "benefits purposes," and that they did not work for both companies at the same time. Lawsuit, Mortgage with GreenTree/Conseco/Ditech/New Rez-ShellPoint since 1995. Upon arriving at North American, Bristol gave these names and numbers to loan originators as leads, who contacted these former Conseco customers. Hi my name is Megan & Im in a bad way with this company fixing to loose my home of 15 years that is suppose to already be paid off have no way to financially fight them cuz everything has went into trying to keep my home. Tip: In October 2019, New Residential (now known as Rithm Capital) purchased Ditechs forward Fannie Mae, Ginnie Mae, and non-agency mortgage servicing rights. Once we would find someone to help us modify, they would move them to another account. For its first assignment of error, North American directs our attention to Conseco's unfair competition claim that is founded on North American's alleged misuse of Conseco's trade secrets.5 North American argues that the district court erred in its initial decision to submit this claim to the jury and then in its subsequent declination to grant a judgment as a matter of law. I let the property go into foreclosurethey received less than what I paid for it. Bristol also stated that he encouraged three of the loan originators working under him at Conseco to resign and come to work with him at North American. If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. Most notably, Conseco's management decided to discontinue loan services in the subprime lending market. They told me if I did not leave my home the Sheriff would B there to put my things out in the snow. Greentree was started in 1999 and maintains three offices in Ft. Lauderdale, Florida, Charlotte, North Carolina and Guangzhou China. If you type I. Greentree complaints it should come up if the site has not been taken down. Indeed, Conseco had closed thirty of its 150 branch offices within the previous year. What happened Greentree Mortgage? These documents contained information concerning Conseco's internal operations, including monthly retail point income reports generated by each Conseco office, reports ranking the retail volume by branch, reports of retail loans funded by region, financial summaries of each branch, expense ratio reports, expense analysis reports, expense analysis retail volume variance reports, and reports on credit insurance protection. None of the entities below own or service loans . Following the jury verdict, North American renewed its motion under Rule 50(b). Have been layering and looking for help. The transition concluded in the second half of 2015. Kimzey v. Wal-Mart Stores, Inc., 107 F.3d 568, 576 (8th Cir. 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. Green Tree has been accused of a number of abuses, including not honoring loan modification programs, delaying short sale decisions, and charging customers convenience fees when paying their mortgages. 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. They were scamming the homeowner and the workers. Who do we talk to about a lawsuit? Ins. App. After several months I was told I wasnt making the right payment and I owed them almost $5000.00 And unless I paid this wthin 2 weeks They were forcloseing on my home, So I borrowred the money and paid them I dont have any idea how I am going to pay this back. Even the emails I have sent do not get me in contact with anyone that can I assist. It is clear to us that Conseco derives economic benefit from this information. The parties then chose an arbitrator, indeed . They told me to pay my payments or lose my mobile home. 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. At Greentree, we make the loan process frustration and hassle-free. 2004) (quoting Sanchez v. Puerto Rico Oil Co., 37 F.3d 712, 716 (1st Cir. 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 . Business Outlook. On appeal, North American questions not whether Conseco proved sufficient connection of its damages to North American's alleged wrongful conduct but whether Conseco proved it had incurred damages at all. [9][10], In February 2010, GMAC relocated ditech.com offices from Costa Mesa to Fort Washington, PA.[11] In May 2010, GMAC changed its name to Ally Financial. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. We work with many lenders as well as advertisers and other networks across the nation. We, however, affirmed the decision of the district court to deny the injunction. Get the funds you need without leaving the comfort of your own home from online. I was with Bank America and they turn me over to ripped off GreenTree Mortgage, and they GreenTree, up my loan to what they want, I called them and told me that they couldnt reach me, They up my APR and Loan Mortgage and said the could not get in touch with me. What Credit Score Do You Need to Get a Mortgage? At that time, we only had 17 years left on our 30 year loan. I suffered under them for no apparent reason as my payments were made on time. While just being released from the hospital with diagnosis of stage 3 ovarian cancer, suffering from chemotherapy and not working not able to pay bills. The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. P. 50(a) (2). I Totally agree with you, Ditech is a dirty mortgage company and they need to take in consideration that this person is making money off of the people that is making purchases and they tell Constantly that they are going to foreclose on your home I believe the federal government needs to step in on them and make them pay everyone back the money that they have ripped off of people, I purchased a mobile home through Green tree which is now ditech , and the mobile home was $38,000 and my down payment I put down was $3,800 and I financed $26,200 from dad tack which was green tree and I have paid over $120,000 and theyre still saying I still owe over $4000 and Im $4000 behind on payments and they are ripping me off big town on a $30,000 mobile home and I needed all accountable statements payments and they will not send them to me also theyre trying to say there was never any taxes paid on the mobile home and I have the proof and theyre also stating I had no homeowners insurance which I have proof this is a very dirty company and I do believe someone needs to look in to this they are ripping people off left and right. 1998). After all, a payback journey that's good for your credit is really what matters. North American argued in its Rule 50(a) motion (styled "Motion for Directed Verdict") that Conseco "failed to offer sufficient proof that it sustained damages that were proximately caused by [North American's] use or misappropriation of trade secret documents." However, he speculated that as many as ten of these former Conseco customers could have switched their business to North American. Thinking that would eliminate the harassing calls. As the name suggests, Green Tree Servicing was supposed to service homeowners' mortgages by collecting and crediting monthly payments. None of the contact #s I have called do not make contact with any Green Tree, Ditech or Shellpoint. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. What happened Greentree Mortgage? [3][7], Ditech pioneered 125 percent loans that allowed mortgage loan applicants to borrow more than properties were worth. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. After 2 years of accepting the calls. GreenTree Inn Santa Fe is a budget friendly motel offering air conditioning in the rooms, and it is easy to stay connected during your stay as free wifi is offered to guests. Additionally, the company supposedly charged customers $12 for its pay-by-phone service and pressured borrowers into using it to ensure their payments were received on time. .. Now they want over $9,000 from me for some reason. Join me to get resolution. Can someone please help me understand this!!!! Greentree Financial Group, Inc. 19720 Jetton Road, 3rd Floor Penthouse Cornelius, NC 28031 (704) 892-8733 Office (704) 892-6487 Fax mikebongiovanni@gtfinancial.com. 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. Sys. How can I settle with them without paying. Sigh. Conseco, in its "First Amended Complaint," added two additional counts-participation in breach of fiduciary duty, and a separate count for injunctive relief. ", Conseco organizes these lead sheets according to color-the most promising are colored red, leads that are considered good are colored white, and merely decent leads are colored blue. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. This meant borrowers who could have kept their homes instead lost them to foreclosure, despite being on payment plans to get back on track. Corp., 136 F.3d 276, 286 (2d Cir. .Greentree denied us the Deed in lieu but offered a Hamp..There exact words were, Bank of America is offering you a Hamp. The auction for former Green Tree Financial in St. Paul, held Tuesday in Chicago, resulted in a Wednesday morning deal, according to news reports. He would lie to my husband and ask why I wouldnt speak to him. Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. These loan files included personal financial statements of Conseco customers, loan applications, appraisals, income calculation worksheets, W-2 forms, payroll information of Conseco customers, income calculation worksheets, tax returns, and bank statements of Conseco customers. 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. Then the next month BOA sold my loan to GreenTree. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. The company's unusually aggressive collection methods and other business practices are in question. They were awful. How does a former employee get compensated? 1995)). CitiMortgage, Inc. or Citicorp Home Mortgage Services, Inc. are successors in interest to CitiFinancial Servicing and the below named companies through acquisitions, mergers or name changes and no longer has any security interest as lienholder. Rapid Growth: Mid-1980s Through the Early 1990s Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. 2001). Its unclear how much compensation each borrower will receive, but victims who receive money from this enforcement action can also pursue their own individual claims against the company. Its showing on my credit report that Im late , 60 days. This instant case involves thousands of customers-located throughout the country-who were identified through a complex computer system. After such consideration, we find that the $18 million punitive award does not comport with the requirements of the Due Process Clause. Just plain NASTY! We were forced into renting our condo due to housing collapse that prevented us from selling it. Specifically, North American argues that its conduct was not outrageous and did not justify the award, that there was no corporate wrongdoing by North American, and that the punitive damages were an improper remedy for its discovery abuses.10. 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! See reviews, photos, directions, phone numbers and more for Greentree Financial locations in San Antonio, TX. ..There is so much fraud involved and I keep finding more everyday..Just waiting to figure out what road Im going to take as far as legal action. Also, some employees noted that Conseco had recently placed significant restraints on its area managers' loan authority. It was just a cycle. He even called my elderly parents and harassed them. And yes, they do call several times a day. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 In our review of the punitive damages award, the Supreme Court instructs us to consider three guideposts: (1) the degree of reprehensibility of the defendant's misconduct; (2) the disparity between the actual or potential harm suffered by the plaintiff and the punitive damages award; and (3) the difference between the punitive damages awarded by the jury and the civil penalties authorized or imposed in comparable cases.11 Gore, 517 U.S. at 575, 116 S. Ct. 1589 (1996). You already receive all suggested Justia Opinion Summary Newsletters. Kientzy v. McDonnell Douglas Corp., 990 F.2d 1051, 1061 (8th Cir. P. 50(b); Martin H. Redish, 9 Moore's Federal Practice 50.41 (3d ed.2003). Was or used there a class action lawsuit because Id certainly be onboard. what happened to greentree financial. 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. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. Id. Id. I was never late during the five years. I have been a victim of Green Tree / Ditech and Shellpoint Mortgage abuse and excessive charge of fees. 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. Ditech has sold my mortgage to Loancare another thug company with outrageous fees and terrible customer service, if thats what you want to call it!? Filed complaints today with FTC, CFPB and the my State. Thank you, Kim (ADD ME TO YOUR LIST). Just paid off a home and was going to sell and it has a lien on it. Quite the contrary, North American encouraged others in its offices to replicate the St. Louis scheme, and designated its St. Louis office as a "model" to expand into other cities. 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. Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. Now Ditech Id with them and are ripping me off and other folks, My home is 42yrs old, from 726 a month to 798. I need someone to get in contact with me any time after 4 pm to see if you can help me get the title. Had to go chapter 13 to stop all the harassing calls , one guy told me to pay up or get my out of my Mobile home. Ditech added money on to my principal? This site is protected by reCAPTCHA and the Google. 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. Find 1099 listings related to Greentree Financial in San Antonio on YP.com. They have doubled my monthly mortgage beyond my ability to pay even if I way not a disable vet. Furthermore, these customer loan files eventually made their way to his office at North American. FEDERAL TRADE COMMISSION Headquarters Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, DC 20580 Telephone: (202) 326-2222 Constitution Center Federal Trade Commission 400 7th St., SW Washington, DC 20024 Telephone: (202) 326-2222 NOTE: Send mail only to the 600 Pennsylvania Ave., NW (Headquarters) address above. Furthermore, Conseco takes reasonable steps to ensure the secrecy of these files. 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. I tried to explain they were using an 18 month required funds audit for a 12 month payment and contacted CA Department of Business Oversight for assistance.