what happened to greentree financial

In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. 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. 1995)). P. 50(a) (2) (stating that litigants must "specify the judgment sought and the law and the facts on which the moving party is entitled to the judgment."). Who is pocketing these payments??? We are further convinced that North American's net worth was not the sole consideration in the jury's punitive award. 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. Id. Paid almost every payment with a convenience fee. Related documents Order Complaint FTC Press Release Press release Any normal good company with a major bank documentation would understand or have a solution. We reverse and remand with directions to the trial court to enter judgment in the amount specified in the settlement agreement, plus postjudgment interest and costs. 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. Podner's wholesale copying of customer loan files, which coincided with his resignation from Conseco and hiring by North American, creates at least the threat of misappropriation. Trying to get a lien release from green tree. No one seems to know. Greg and Kathleen Haley 12050 333rd Avenue Twin Lakes, WI 5381. [18], Also in May 2014, Ditech announced new correspondent banking products and services including MyCommunityMortgage, FHA Program, Expanded LMPI, and Freddie Only. Since Ditech filed bankruptcy, I wonder if my money even exists any longer. Said she could only change excess payments for past 3 months. The endless calls at all times of day and night being that sick, and I am making a long story very short. Missouri law places no limit on punitive awards, but requires that "when punitive damages are awarded by a jury, both the trial court and the appellate court review the award to ensure that it is not an abuse of discretion." I believe it was an incentive for the employees to get these fees as compensation. 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. 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. My house was bought in 2007 for $118,000 in Jan 2012 I owed $ 94,000. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. 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. This corporate entity was filed approximately forty-seven years ago on Friday, January 16, 1976 , according to public records filed with California Secretary of State. After a few weeks they turned our account over to someone else and the same cycle. By his own admission, Keeler's increased compensation was due in part to his work in the company's subprime market expansion. We affirm in part and reverse in part. Not stressful at all. I too was a victim of the Green Tree / Ditech scam. Is there a phone number to call? I.say file, file and get an attorney. Who do I need to contact to get additional info about this claim? The company collapsed under a huge debt load resulting from a rash of acquisitions in the 1990s, including the $6 billion purchase of Green Tree, the nation's largest lender to mobile-home. 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. 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. She is being bamboozled herself. 1998). (Jul-23-03) [PIONEER PRESS] Powers. What happened Greentree Mortgage? On the one hand, the Lackey arbitrator (the same . 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. . I received my first notice from Ditech that my mortgage was in arrears..after speaking with several CSD representatives.. 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. They then changed their name to Ditech which was just as bad or worse and then filed bankruptcy, selling off the mortgages, who is not much better. See Mo. 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. I am trying to get the deed/title to my home. They featured a nefarious loan officer, played by actor Ron Michaelson, repeating the catchphrase "Lost another loan to Ditech" written by writer, producer and director Ken Roberts, who created the Ditech television and radio commercials from 1995 to 2007. Auto. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. Most persuasively, North American contends that the "exacting" nature and quality of proof needed for recovery of lost profits in Missouri required Conseco to prove net profits by introducing evidence "of the cost and expense of operating the business during these periods." 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!! Still have all the negative reports and complaints about those company going some years ago. Here the damage award is further supported by the remaining tortious interference claim. 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]." 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 site is protected by reCAPTCHA and the Google. Another time they lost my payments and threatened foreclosure again. 3 of the Int'l Bhd. North American competes for individuals in the same market. I quit answering the phone calls but saved all their numbers for later proof of their harassment. . Is Green Tree Servicing now ditech? [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. I cant pay this at all. I feel I was ripped off became homeless because of Green Tree. 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. A712 WEST HOLLYWOOD CA 90069 United States Inactive Directors / Officers STEVEN D GREEN, chief executive officer STEVEN GREEN, agent Registry Page https://bizfileonline.sos.ca.gov/sear. On June 8, 2022 the Bankruptcy Court entered an Order governing the distribution of any unclaimed borrower funds remaining in the Ditech estate. 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. 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. 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 . Where do I go? Greentree Financial Profile and History . Now Ditech Id with them and are ripping me off and other folks, My home is 42yrs old, from 726 a month to 798. Find locations. Counsel who presented argument on behalf of the appellee was David G. Wasinger of St. Louis, MO. Because the evidence is susceptible to a reasonable inference supporting the verdict, we affirm the district court's decision to submit this claim to the jury and its subsequent denial of judgment as a matter of law. I am a single parent I had a house fire it was total loss Green Tree kept calling about the insurance check when insurance paid I gave check to Green Tree which should have paid my house off instead I had to pay the remaining balance to them and me and my children had no place to live. 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 . 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. (651) 224-5017. 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.'" "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. The Truth About Mortgage. If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. GT was calling me day and night telling me I was short on my escrow account. I would like to have my house back. Green Tree Servicing. I was never late during the five years. I lost my home to green tree mortgage in 2010. Who can I contact file a class action lawsuit against Green Tree, and Ditech? We paid our home off but greentree said we owed another $17,000. Rule 50(a) requires that challenges to the sufficiency of the evidence must be raised initially at the close of the evidence. Hi Folks I am in need of my Title to my Modular Home I paid off in 2016, so I can sell my home. The most rude people of customer service, even the president or ceo a Mr Walter..I think. I have a mortgage with Ditech (prev Greentree). 417.453(4) (1995). Please put my name on a Class Action Suit. Bristol testified that he believed between one to six of these leads resulted in new business for North American. Claim this business. The Court, however, went on to note that " [w]hile these ratios are not binding, they are instructive. It is undisputed that fourteen Conseco customer loan files were in Kattleman's possession after he resigned from Conseco. Recommend. Cooper Indus., Inc. v. Leatherman Tool Group, Inc., 532 U.S. 424, 435, 121 S. Ct. 1678, 149 L. Ed. I paid extra on my home every month until I got hurt on the job. Finally, Scott Bristol, a former area manager at Conseco's St. Charles, Missouri, office, testified that although he did not have personal knowledge that any loan originators working under him in St. Charles made copies of customer loan applications, it was possible that such copying did occur. I got mad, I never refinance my mortgage. In 2006, ditech.com general manager Michael McCarthy resigned and was replaced by Richard D. 1994), aff'd in relevant part, 82 F.3d 785 (8th Cir. 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. I tried to get a home equity loan. The first, Kevin Kattleman, a former area manager in its O'Fallon, Illinois, office, testified that fourteen customer loan files from Conseco were in his possession after he began to work for North American. 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. North American next argues that, even if the loan files and lead sheets are considered trade secrets, Conseco still "did not make a submissible case of either the fact of damages or the amount of damages." They sent me wrong documents, pretend they dont have them and are also scamming borrowers. 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. Truman Lewis Reporter. We paid one and half year extra. Terms of Service. They were scamming the homeowner and the workers. However, because North American failed to properly preserve the displacement question we need not decide the issue conclusively. Can someone please please please HELP me? They prey on people who are down on their luck with bad credit. This meant borrowers who could have kept their homes instead lost them to foreclosure, despite being on payment plans to get back on track. Pony Comp., Inc. v. Equus Comp. I did send CFPB many documents pertaining to abuse by Green Tree. Thus, because Conseco received a large compensatory award in this case-$3.5 million-in the "absence of extremely reprehensible conduct against the plaintiff or some special circumstance" the large exemplary award cannot stand unmodified. R. Civ. Once we would find someone to help us modify, they would move them to another account. However, we cannot allow the punitive damage award to stand at $18 million, and remit the award to $7 million. Greentree did nothing to help me resolve the situation. 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 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. The auction for former Green Tree Financial in St. Paul, held Tuesday in Chicago, resulted in a Wednesday morning deal, according to news reports. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. Greentree Financial as been my mortgage company for 14 years. Show Transcript. Later, at trial, he admitted they were working for both companies at the same time. Mortgages are often transferred during the life of a loan, so consumers may find themselves locked in a relationship . Green Tree Servicing is one of the biggest servicers of home loans in the United States. Greentree has been continually harassing. I was refused several times for a modification. Then again on October 2016 another payment made but not applied. How can I settle with them without paying. Both encouragedays us to be 90 days delinquent. My credit score was above 780, with no late payments. Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 (2) how will we as victims be contacted about a $$ settlement? 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. individuals with low credit scores. All the previous comments about them (green tree) are so accurate (ditech) as well the crazy hour calls, the threats of throwing me out of my house. From loan selection to approval and closing, we reduce the complexities and hassles involved in the entire process. I have been making excess (extra on principal) payments for quite a while. What Mortgage Rate Can I Get With My Credit Score? I hired a lawyer in May this year. If you dont mind please contact me at 409-277-0420 Im in serious need of advice. 1993). We tried to refinance with another company and they caused problems with that and we ended with not being able to do that. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. And doing something about it, cause Lynn Im that ((((B)))). norma, get an attorney and get one quick that specializes in dealing with mortgage law there are several that have won against Green Treethey all know they are scum. File it with the cfpb and ftc. 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. Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. The rep became short with me. In Vigoro, the court noted that if the contacts had been located throughout the country the information would have been considered to be a trade secret. The lies, over and over. How will former employees be compensated for their income lowering and workload doubling? I bought my mobile home Like in 1995 and I was kicked out of my mobile home Like in 2015. Bristol also testified that before leaving Conseco, he compiled a list of 100 to 200 customers who had previously engaged in business with Conseco. 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. The caller informed Mambretti that all of his personal financial information-which he had entrusted to Conseco-had moved with the loan originator to North American's St. Louis office. The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. 2003). Ditech had immensely high unaided brand awareness and customer satisfaction, but many people mistakenly thought Ditech was a subprime lender. 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.

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