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[12], In 2012, during the mortgage crisis, Ally took its residential lending unit into bankruptcy in order to pay back the U.S. Treasury following its acceptance of bailout funds. She is being bamboozled herself. This list included the names and phone numbers of these customers. I am a victim of Green Tree and Ditech can anyone do anything about it. Contacting Green Tree Servicing - by phone or otherwise. U.S. Bankruptcy Court approves Acquisition of Ditech - Newrez [15] North American also claims that these individual indiscretions do not amount to "corporate" wrongdoing by North American. Conseco also filed a motion for a temporary restraining order prohibiting certain North American employees from taking, using, or disclosing documents from Conseco's loan files, and to return any information taken from Conseco's files. They settled for $5500 (BOA paid $3k and my Seller paid $2500) and Greentree WAIVED THEIR DEFFICIENCY RIGHTS!!! They at least owe my husband an apology for the way they treated him during an awful time but know they arent decent enough for that. 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. This corporate entity was filed approximately forty-six years ago on Monday, June 13, 1977 as recorded in documents filed with Texas Secretary of State. We will not set aside the jury verdict unless there is a complete absence of probative facts to support the verdict. Greentree Financial Group - Overview, News & Competitors - ZoomInfo On appeal, North American argues that the district court erred when it 1) submitted the unfair competition claim to the jury, 2) failed to grant judgment as a matter of law, 3) found that the compensatory award was supported by the evidence, and 4) allowed the punitive damage award to stand. Is it still possible to be compensated? R. Civ. 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. Owning a mobile home we learned the hard way no one wants to help you. You already receive all suggested Justia Opinion Summary Newsletters. Ditech Alert: Ditech Files Bankruptcy For The 2nd Time In 14 Months 1150 (E.D. Greentree makes the loan process simple, stress-free and easy. Vigoro contended that the names of 200 former customers constituted a trade secret. Greentree closed my 2nd loan in 2013 with no assignment tried to refi and loan could not be found by Greentree now I have a company 7 years later with copy of note and no endorsement contacted bankruptcy Court New York case for Greentree was told loan should gone to ditech otherwise went back to mlo Greentree only serviced could not sell any truth or help? The instant appeal ensued. I lost my home to green tree mortgage in 2010. Counsel who presented argument on behalf of the appellee was David G. Wasinger of St. Louis, MO. At Greentree, we make the loan process frustration and hassle-free. Can someone please help me!!! So disappointing! Capital One announced that it would cease loan origination operations at Greenpoint Mortgage immediately, and according to initial reports, cut roughly 1,900 jobs. It always appears that I am behind in payments when I am really 2 months ahead. Please help me resolve this with ditech. What happened Greentree Mortgage? 1998). 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. [6] GMAC Mortgage renamed DiTech ditech.com.[3] Reddam left the company in 2000. 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. Whether you are interested in a new home, remodeling or refinancing your current home, or consolidating your credit card debt, we will work with you to create a customized solution for your goals. In 2003 we refinanced this home through US Bank, however, whenever that was done apparently US Bank never got a CLEAR title on our mobile home. 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. It was just a cycle. 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." Rockport Pharm., Inc. v. Digital Simplistics, Inc., 53 F.3d 195, 197-98 (8th Cir. 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." [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. They did the same to me. Order Online. 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. I still want relief. 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. I am now 72 years old and am forced to live in HUD housing. 1994), aff'd in relevant part, 82 F.3d 785 (8th Cir. In May 2014, Ditech announced its re-entry to the national housing market after it disappeared from the marketplace for five years during the subprime mortgage crisis in the late 2000s. Greentree made my.life a nightmare. Get free summaries of new Eighth Circuit U.S. Court of Appeals opinions delivered to your inbox! Furthermore, these customer loan files eventually made their way to his office at North American. There needs to be a class action lawsuit against these arm twisting loan sharks! Here the damage award is further supported by the remaining tortious interference claim. Chief Judge Loken did not participate in the consideration or decision of this case, Formerly known as Green Tree Financial Servicing Corporation, Conseco also employs other strategies to generate new business including internet advertising, telemarketing campaigns, "cross-marketing" of current customers, direct mail, television, radio, and yellow page advertising, and referrals from various business associates, One of North American's own witnesses admitted that North American had improperly taken Conseco's documents and repeatedly lied about it during the discovery process, His estimate was based on an average loan size in the Midwest of $85,000, The unfair competition instruction to the jury was expressly predicated on trade secret misuse, while the tortious interference claim concerned the issue of wrongful and unjustified interference with Conseco's reasonable expectation of economic advantage or benefit. [7][17] The company will no longer provide nonprime mortgages. During this same period, Conseco's mortgage service division downsized. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. GT was calling me day and night telling me I was short on my escrow account. Business Profile for Green Tree Financial Corporation. Id. On April 11, 2006, Greentree Financial Group, Inc. (Greentree), sued Execute Sports, Inc. (ESI), for breach of contract. Id. [7] The strategy encompasses direct consumer lending and correspondent lending. Powers. Another of North American's witnesses, Perry Schatz, testified only five percent of Conseco's leads result in a funded loan. As far as concerns the Lackey plaintiffs, what happened in arbitration is less clear. Update on March law enforcement activity in Green Tree - WTAE Now they want over $9,000 from me for some reason. Business Outlook. 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. I paid them immediately over the phone once aware and confirmed it was not cashed. Some reps told borrowers they were deadbeats and warned them that nonpayment of their mortgage could result in arrest or even imprisonment. We work with many lenders as well as advertisers and other networks across the nation. Then they said it was for their insurance which we won in court that we carried our own insurance, then they auctioned our home off a paid off home we list our home and no one will get back with me on what to do it has been a little over 4 years now. Website. On appeal, the district court's determination of punitive damages is reviewed under an abuse of discretion standard. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. It has been hard to get a loan for anything else. I paid extra on my home every month until I got hurt on the job. And, interestingly, much of the improper activity occurred after Conseco filed suit, further reflecting the reprehensibility of North American's actions. I was evicted and thrown out of my Mobile, in the pouring down rain! 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. 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. 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. [14], In March 2014, the company resumed originating loans using the Ditech name. The parties then chose an arbitrator, indeed the same arbitrator who was subsequently selected to arbitrate the Bazzles' dispute. . Greentree did nothing to help me resolve the situation. Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. However, we cannot allow the punitive damage award to stand at $18 million, and remit the award to $7 million. Green Tree was so horrible they threatened me while in the hospital. I was used and abused by greentree ditech until January 30, 2018 when I refinanced and went with another provider all together! A few years ago I received a letter stating that money I paid them was owed back to me and I never received it and I WANT MY MONEY BACK. Greentree Financial as been my mortgage company for 14 years. They told me to pay my payments or lose my mobile home. This instant case involves thousands of customers-located throughout the country-who were identified through a complex computer system. 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. Galdieri-Ambrosini, 136 F.3d at 287. Greentree Financial 7360 S Kyrene Road Tempe, Arizona U.S.A. Shaking my head. James S. Cole of St. Louis appeared on the brief. Green Tree Servicing. And, consistent with Rule 50, North American restated-in similar but not precise language-its previously articulated proximate cause damage theory, " [Conseco] failed to prove a causal connection between any conduct properly actionable and any loss to [Conseco]." The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. North American senior manager, Ken Keeler, provided rebuttal expert testimony, stating that the average-net profit on a loan was $2,100.4 Carrie Hiatt, a North American witness, further testified that approximately ten percent of certain Conseco leads resulted in funded loans. . After the preliminary hearing, the district court entered a narrowly-tailored injunction. Now they have lien on my personal property that had nothing to do with this loan. He would lie to my husband and ask why I wouldnt speak to him. What Mortgage Rate Can I Get With My Credit Score? 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. Ive been a customer since 2002. Contact - Greentree Financial Group WOW so I have read alot of these stories and not surprised at all after what they did to us. Prior to that, they would send papers saying I was approved for a loan mod, then theyd send papers saying I was denied and had X amount of days to get out of the house or I would come home to find my house locked up by the sheriff and I would never gain access, then they would try to short sale it. Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. [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. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. We were forced into renting our condo due to housing collapse that prevented us from selling it. Pony Comp., Inc. v. Equus Comp. Between Green Tree and the Mobile Home Park Manager of the Mobile Home Park. I need someone to get in contact with me any time after 4 pm to see if you can help me get the title. [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. My lender told me that Green Tree Servicing still has 2nd lein on my property! If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. I am still trying to get the documents from current mortgage service provider and having hard time. Said she could only change excess payments for past 3 months. 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. Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." In fact, Green Tree's parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment's well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company. We would only have 7 years left, if we didnt do this. They told me if I did not leave my home the Sheriff would B there to put my things out in the snow. I got mad, I never refinance my mortgage. It also granted summary judgment in North American's favor as to solicitation of employees and participation in breach of fiduciary duty. FDIC: Failed Bank Information - Bank Closing Information for Security I did file with CFPB and the FTC and I got a check for $10.00 after I lost my house I am still setting in my driveway living in my RV. Recommend. [3] In April 1995, Reddam began originating, selling, and servicing mortgage loans tied to the prime interest rate. He went court I couldnt make it their because I had no transportation to get their, so the Judge signed the eviction paperwork. Who do I contact to file lawsuit and get justice and prove damages? 21 Things That Can Raise Your Mortgage Rate. The parties then chose an arbitrator, indeed . Consequently, we agree with the district court that the lead sheets and the information contained in Conseco's customer loan files constitute trade secrets within the meaning of the Missouri Uniform Trade Secrets Act.6. Green Tree Servicing to pay $63 million to settle federal charges Trying to get a lien release from green tree. Green Tree Servicing, LLC | Consumer Financial Protection Bureau 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"). All crooks. Greentree Financial Group, Inc. | LinkedIn 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!? I. If the Rule 50(a) motion is denied and the case is submitted to a jury, the movant must renew the motion once again in order to preserve the issue for appeal. However, because North American failed to properly preserve the displacement question we need not decide the issue conclusively. They did without letting me know, if I dont pay, they take my home. Yet my accounting paperwork they sent says HMP mid-capitalized..My note has no bank endorsements, my assignment is missing my name and has stamped robo signed for Mers supposed employee and notary which is not legal..Notarys have to have original signatures. [21], On September 11, 2001, in the U.S., a Ditech commercial was airing on the CNN television channel when it was interrupted for an announcement that a plane had struck one of Twin Towers of the World Trade Center in New York City. I too was with BOA and while my home was in remod with BOA they dropped me & sold my loan. Such an objection7 is simply not sufficient to preserve, and certainly cannot be read to encompass, the legal theories underlying North American's Rule 50(b) motion and this appeal (submissibility of the claim). Corp., 136 F.3d 276, 286 (2d Cir. Sent payoff check but unable to receive Satisfaction of Mortgage because they want more money. Greentree Financial Group's phone number is (954) 424-2345 What is Greentree Financial Group's official website? 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. CitiFinancial - Citibank Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. 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. Consistent schedule, decent pay. Once we would find someone to help us modify, they would move them to another account. Green Tree to Pay Borrowers $48 Million for Loan Servicing Abuses [5][20] In May 2007, the company introduced a new marketing campaign, adding the tagline "People Are Smart" and including the signature line Home financing by GMAC to further help distinguish the Ditech brand from direct-to-consumer lenders of questionable repute. 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. 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. By answering a few simple questions about yourself, and selecting the amount of money you would like to borrow. But that wasn't enough to put the company's troubles behind it. 2d 1 (1991)). I have been a Victim of Greentrees theft since January 2014 when I made a payment on my mortgage but it wasnt applied to my loan. I sent cerified letter to the address Ive been sending my payment.