Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." It specializes in "servicing" (debt-collecting) subprime residential mortgages. 1984). Since Ditech filed bankruptcy, I wonder if my money even exists any longer. And will not tell me nothing, except, paid your payment, my lawyer told me I dont miss payments. 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." 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. However, North American also introduced several new legal theories-related to damages-not distinctly articulated in its "Directed Verdict Motion." The FDIC has assembled useful information . 1995)). I paid extra on my home every month until I got hurt on the job. I asked for a payoff amount and they refused to give it. They told me to pay my payments or lose my mobile home. I still want relief. Terms of Service. However, the district court denied North American's summary judgment motion relating to misappropriation of lead sheets, documents in Conseco's loan files, unfair competition, and tortious interference with business relations. They are all in this together I trust none. They claim they did not receive my last payment when it was paid via my banks bill pay. Required fields are marked *. After having been divorced 4 years into the loan and raising children as a single mother, I have made payments late frequently. [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]. I was refused several times for a modification. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. Who has my payment records from Green Tree and Ditech for the Making Home Affordable Plan which will prove timely payments so i can get the credits and incentives I deserve? How can I stop getting statements from them? We agree that both the lead sheets and the information contained in these customer files constitute trade secrets under the act. Kimzey v. Wal-Mart Stores, Inc., 107 F.3d 568, 576 (8th Cir. But I got rid of them. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com. Shell point mortgage servicing owns the mortgage now. The company emerged from Chapter 11 bankruptcy last year after completing a financial restructuring plan that eliminated $800 millio n in corporate debt and changed its name to Ditech Holding. We work with many lenders as well as advertisers and other networks across the nation. In arguing that the lead sheets are not "trade secrets," North American principally relies on Vigoro Indus., Inc. v. Cleveland Chem. Learn about the FDIC's mission, leadership, history, career opportunities, and more. However, a post-trial motion for judgment "`may not advance additional grounds that were not raised in the pre-verdict motion.'" They first claimed they were not aware of this on time payment incentive from my original banks docs. 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." I was evicted and thrown out of my Mobile, in the pouring down rain! Corp., 136 F.3d 276, 286 (2d Cir. 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. A structured process drawing out and defining with you what your vision is of your future. I believe it was an incentive for the employees to get these fees as compensation. If a borrower is in the process of foreclosure, it must be halted while the company reaches out to borrowers and evaluates other potential loss mitigation options. Co., 333 F. Supp. Fortunately, authorities were able to track the location of the call and . 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? Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. Truman Lewis Reporter. Hey my name is Patricia I purchased a brand new mobile home from her in 1997 and they are telling me to this day Im still paying on the interest its been 24 years Greentree got bought out so Im still paying interest the trailer was only 40,000!! 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 . Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. 2d 1 (1991)). Find locations. Reddam's business model quickly extended DiTech's operating territory to seven states by the end of the 1995, and 46 states by the end of 1996. I would end up hanging up and they repeatedly called me plus after 9pm trying to harass me more. Also notifying new media. Filed complaints today with FTC, CFPB and the my State. what do I do now? And in 2001 North American paid Keeler a salary of $2,500,000. Ditech is not answering my call, whom do I contact to get my money back . Two of the loan originators that Lasek recruited to leave Conseco with him eventually returned to work at Conseco-after a change of heart-and testified about Lasek's actions. In some instances, the former Conseco office managers also took their staffs of loan originators with them to North American. Galdieri-Ambrosini v. Nat'l Realty & Dev. Consequently, he was employed by both companies during this two week period. Vigoro contended that the names of 200 former customers constituted a trade secret. Greentree Financial as been my mortgage company for 14 years. Id. Ops manager used to try to say no one uses restroom first 3 hours of shift. What happened Greentree Mortgage? The present scenario is clearly distinguishable. Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV, Mortgage Lenders In Europe Now Owe Their Borrowers Interest, How to Get a Mortgage: From Start to Finish. Walter Investment Management Corp. acquired Green Tree in 2011, and in August 2015, Green Tree Servicing and Ditech Mortgage Corp. linked up to create Ditech Financial LLC, also owned by Walter. Business Outlook. The court, relying on Greentree Financial Group, Inc. v. Execute Sports, Inc., 163 Cal. 1995)). I made every payment on time and they refused to pay me the thousand dollars I was entitled to each time I requested payment. Consistent schedule, decent pay. 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). I had a modification done with Bank Of America. Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. Join me to get resolution. 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. To whom do I make my complaint? 2003). That statute authorizes a fine of $5,000. However, North American neither returned the stolen information nor discouraged its employees' use of Conseco's loan files and lead sheets. I quit answering the phone calls but saved all their numbers for later proof of their harassment. Accordingly, we find no error in the submission, This figure is based on the net worth of North American Mortgage, a division of Dime Savings Bank of New York. 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. .Greentree denied us the Deed in lieu but offered a Hamp..There exact words were, Bank of America is offering you a Hamp. We paid by automatic draft, which we had to pay the service fee of twelve dollars to make payments. I cannot get a bank to FHA streamline the $67, 000 mtg. 7410 S Roosevelt St Ste. The current range of Greentree modules covers the key areas of Financials, Distribution and Job Management. Sent payoff check but unable to receive Satisfaction of Mortgage because they want more money. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. I submitted a complaint with the CFPB back in December about all of the issues I am having this this unethical company in an attempt to short sale my house. It is clear to us that Conseco derives economic benefit from this information. 2d 809 (1996). Nice article. I paid them immediately over the phone once aware and confirmed it was not cashed. The parties proceeded to a trial on the merits for these issues. Stat. 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. It was like $ 46,000 to start off with by the time I got evicted, I still owed $ 33,000 on my Mobile Home after paying on it for like 20 years. Who do we talk to about a lawsuit? We were taking $10,000 a year in losses and there was no end in sight. Can someone please help me understand this!!!! They keep selling the mortgage to different companies. Can be redundant listening and scoring calls and there is alot of Grey areas when comes to scoring which can be a tead bit frustrating. It is important to note that this is a foreign filing. Galdieri-Ambrosini, 136 F.3d at 287. What happened Greentree Mortgage? Well GreenTree Financial went bankrupt and their accounts were taken over by Conseco Financial. They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? 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. Be safe Family n friends. None of the entities below own or service loans . Home loan options include fixed rate, adjustable rate and FHA loans. In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. 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. (651) 224-5017. 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. 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. Mathias v. Accor Economy Lodging, Inc., 347 F.3d 672, 676 (7th Cir. Once we would find someone to help us modify, they would move them to another account. But next months statement shows only the principal stated as due being payed, with the excess going toward interest. Following the jury verdict, North American renewed its motion under Rule 50(b). Conseco produced evidence that would allow a reasonable finder of fact to conclude that there was at least a threat of misappropriation of the trade secrets contained in these fourteen files. I cant get in touch with anyone to get it off. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. Co. of N. at 416-417, 123 S. Ct. 1513 (2003). [3], In 1999, DiTech was acquired by GMAC (now Ally Financial), then owned by General Motors. 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. While 800-643-0202 is Green Tree Servicing's best toll-free number, there are 3 total ways to get in touch with them. Greentree made my.life a nightmare. 2003)). I too was with BOA and while my home was in remod with BOA they dropped me & sold my loan. Greentree Financial Group's phone number is (954) 424-2345 What is Greentree Financial Group's official website? The most demeaning thing there is. Greentree makes the loan process simple, stress-free and easy. These files were located in Kattleman's office at North American until he returned them to Conseco, as ordered by the district court in its TRO. Greentree's escape came after her captor forced the young surfer to call home and demand money in exchange for her freedom. You're all set! I was diagnosed with breast cancer and just asked for a little guidance from them. The district court upheld each of the awards, noting that North American's conduct was "widespread and systematic" and "reprehensible," and that the award was "not an injustice, but rather appropriate in light of the evidence." of Elec. Conseco, in its "First Amended Complaint," added two additional counts-participation in breach of fiduciary duty, and a separate count for injunctive relief. (651) 224-5017. Later, at trial, he admitted they were working for both companies at the same time. I received my first notice from Ditech that my mortgage was in arrears..after speaking with several CSD representatives.. The complaint alleged ESI had failed to pay $45,000 due . Related documents Order Complaint FTC Press Release Press release Further, because the common law and the statutory elements of the claim remain the same, any resulting error would likely be harmless. We agree. Some of these former employees also expressed concern about Conseco's overall future financial performance. The transition concluded in the second half of 2015. Mortgage service providers take advantage of borrowers and no one cares much to help us and monitor the bad lenders. Who, what when and where to I file a claim with the CFPB? Greentree Financial Group, Inc. 19720 Jetton Road, 3rd Floor Penthouse Cornelius, NC 28031 (704) 892-8733 Office (704) 892-6487 Fax mikebongiovanni@gtfinancial.com. 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 CFPBs Civil Penalty Fund. Cash Out vs. HELOC vs. Home Equity Loan: Which Is the Best Option Right Now and Why? After a few weeks they turned our account over to someone else and the same cycle. Welcome to GreenTree Inn Santa Fe at Cerrillios Road, a nice option for travelers like you. I was sent partial history of account.. We were forced into renting our condo due to housing collapse that prevented us from selling it. The auction for former Green Tree Financial in St. Paul, held Tuesday in Chicago, resulted in a Wednesday morning deal, according to news reports. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 The next best way to talk to their customer support team may just be to tell GetHuman about your issue and let us try to find the best way to contact them or find help for . Ive had four different Judges to rule in my favor. Was or used there a class action lawsuit because Id certainly be onboard. I was making them but they were not posting my payments or giving me credit and ruined my credit, claiming I was late. Servicing Corp. v. North American Mortgage Co., 24 Fed.Appx. Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. Who do I contact to file lawsuit and get justice and prove damages? 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. "Why Ditech Brought Back a Precrisis Mortgage Brand", "Gale Directory of Company Histories: ditech.com", "GMAC Mortgage Will Acquire DiTech Funding", "ditech returning to the mortgage market in a big way", "GMAC moving Ditech operations to Fort Washington", "GMAC Posts Profit, Will Change Name to Ally Financial", "Deal Cut to Sell ResCap out of Bankruptcy Filed Today", "Say goodbye to Green Tree; company merging with Ditech", "Here's exactly how ditech is coming back into the market", "The ditech key to correspondent lending", "Operational Risk Management: Remembering 9/11: Teaching the Children", "Mortgage Company Ditech Holding Files for Bankruptcy Again", "Ditech Finds Two Buyers For Its Mortgage Servicing and Originations Business", https://en.wikipedia.org/w/index.php?title=Ditech&oldid=1089803136, Financial services companies established in 1995, Companies based in Costa Mesa, California, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 May 2022, at 18:38. Yearly bonus is a plus. 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. P. 50(b); Martin H. Redish, 9 Moore's Federal Practice 50.41 (3d ed.2003). However, a corporate defendant is required to pay punitive damages so long as the employees were acting within the scope of their employment. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. Greentree did nothing to help me resolve the situation. 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. 2003). We are further convinced that North American's net worth was not the sole consideration in the jury's punitive award. Greg and Kathleen Haley 12050 333rd Avenue Twin Lakes, WI 5381. Please put our name on a Class Action Suit. From loan selection to approval and closing, we reduce the complexities and hassles involved in the entire process. My Manager sold my Mobile Home to a Mexican for like $500.00 When I was thrown out of my home I still owed like $33,000.00 on my Mobile Home. I was wondering how your situation turned out so good for you in court? What Credit Score Do You Need to Get a Mortgage? Paid almost every payment with a convenience fee. Greed tree was billing me for the convenience fees to which I refused to pay so several times per day they would call and harass me for the convenience fees. Owning a mobile home we learned the hard way no one wants to help you. However, we cannot allow the punitive damage award to stand at $18 million, and remit the award to $7 million. Pulse they put on my credit report that I was evicted. I exceed the payment due by almost $150, figuring that 150 will come off principal directly. 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. CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. "Green. I did not know at that time that these 80/20 Countrywide loans that went to Bank of America then Greentree and Nationstar that are sister companies were playing me the whole time. At Greentree Financial we offer our clients comprehensive financial planning. Greentree Financial 7360 S Kyrene Road Tempe, Arizona U.S.A. Multi Location Business. of Mo., Inc., 162 F.3d 991, 998 (8th Cir. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. Thinking that would eliminate the harassing calls. The district court granted a temporary restraining order ("TRO") prohibiting these named North American employees from taking, using, or disclosing documents from Conseco's loan files, and requiring the return of any information taken from Conseco's files. I had to call them while working and my coworkers heard then yelling & threatening me if I was late. Greentree has been continually harassing. Green Tree has been accused of some pretty bad stuff, Including warning delinquent homeowners of imprisonment, And doing little to help borrowers keep their homes, Along with harassing phone calls and unresponsive customer service, Any temporary loan modifications must be made permanent, And all active foreclosures must be halted, While the company evaluates loss mitigation alternatives.
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