what happened to greentree financial

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. Borrow Brightly. Bristol also testified that before leaving Conseco, he compiled a list of 100 to 200 customers who had previously engaged in business with Conseco. ..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. If colloquy between counsel and the trial court fleshes out the motion, it may provide the opposing party with the requisite notice. 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." Corp., 136 F.3d 276, 286 (2d 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." CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. Are there a class action lawsuit against ditech with all the forgery and false information, Im in South Carolina. Will be contacting legal specializing in mortgages tomorrow. My loan is FHA 7% 30 years, fixed rate, with PMI payments. In response, Conseco contends that North American failed to comply with the requirements of Fed. The endless calls at all times of day and night being that sick, and I am making a long story very short. 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." But the company is not closing. Also my credit report showed I was never late so Greed Tree robbed us. By the end of August, Green Tree will be no more. We tried to refinance with another company and they caused problems with that and we ended with not being able to do that. We agree. This provision of the Act provides a safety valve for a party to an arbitration agreement who does not consent to the other party's choice of arbitrator. 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. But, to no avail. If anyone has a working Phone # or email address I can use to address my Title issue, please let me know . 2003). Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. In February 2019, Ditech filed for bankruptcy for the second time in as many years. 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). Before MORRIS SHEPPARD ARNOLD, RICHARD S. ARNOLD, and SMITH, Circuit Judges. And for mortgages already in a loan modification program, Green Tree must honor loss mitigation agreements entered into by the prior loan servicer. Emmenegger v. Bull Moose Tube Co., 324 F.3d 616, 619 (8th Cir. North American responds that the Conseco employees engaged in these acts because of Conseco's financial woes, and that they were simply concerned about their livelihood. Your email address will not be published. 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. In order to avoid this constitutional infirmity, the punitive damages award must be remitted to $7 million, an amount that is sufficiently punitive, but that does not violate notions of fundamental fairness. 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. 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." Greentree made my.life a nightmare. Even the emails I have sent do not get me in contact with anyone that can I assist. The parties proceeded to a trial on the merits for these issues. See Mo. But the company is not closing. Working with you to see the big picture, tailoring advice driven by your priorities that can the n be addressed through a structured and consistent plan. Williams v. ConAgra Poultry Company, (slip opinion August 6, 2004). Allegheny County police said the shooting happened in the parking lot of the Unity. Conseco, in its "First Amended Complaint," added two additional counts-participation in breach of fiduciary duty, and a separate count for injunctive relief. I still want relief. [1], In March 2015, Ditech, along with Walter Investment affiliate Green Tree Servicing, announced the two would undergo a co-branding effort to become "Ditech Financial, A Walter Company," bringing Walter's origination and servicing entities together under one, recognizable brand name. 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 . At that time, we only had 17 years left on our 30 year loan. We are satisfied that North American's conduct was sufficiently reprehensible to support the jury's award of punitive damages. I just closed on my deal with Greentree on the second. The company's unusually aggressive collection methods and other business practices are in question. 966, 968 (E.D. All I ever get is the run around. I tried to get a home equity loan. I hired a lawyer in May this year. Did GT pay off CFPB? North American argues that the award is based solely on its net worth and is so excessive that it violates due process. Tempe, AZ 85283. Pony Comp., Inc. v. Equus Comp. Ins. If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. CEO Approval. The case involves employees leaving an agriculture supply business to join a competitor. Tip: In October 2019, New Residential (now known as Rithm Capital) purchased Ditechs forward Fannie Mae, Ginnie Mae, and non-agency mortgage servicing rights. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. 1998). 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. Pursuant to the requirements of the Order, The estate is no longer able to further process the return of any unclaimed borrower funds. [15] She is being bamboozled herself. 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. Greentree Financial 7360 S Kyrene Road Tempe, Arizona U.S.A. Walsh, 332 F.3d at 1159; LeSueur Creamery, Inc. v. Haskon, Inc., 660 F.2d 342, 346 n. 7 (8th Cir. The ultimate product of the lead sheets-the loan file-contained financial statements, loan applications, appraisals, income calculation worksheets, W2 forms, payroll information of Conseco customers, tax returns, and bank statements of Conseco customers. [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. Sanchez, 37 F.3d at 723. These products are . 1995) (quoting Cortez v. Life Ins. In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. Further, we are satisfied with the sufficiency of the evidence supporting the jury's award of punitive damages. 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. 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. The FDIC has assembled useful information . [3] The company's name was derived from the phrase direct technology.[3][4] DiTech became one of the first lenders to offer mortgages to the public online and via a toll-free number. I had one gentleman that called daily multiple times threatening me over and over. 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. They are saying it may have been lost in the mail but they refuse so far to make it right. I did call Ditech. Helping Clients With Custom Financing Options And Consulting Services, Greentree Offers Direct Financing And. Also, some employees noted that Conseco had recently placed significant restraints on its area managers' loan authority. 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. We paid until 2018 July. 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. The complaint alleged ESI had failed to pay $45,000 due . Find 1099 listings related to Greentree Financial in San Antonio on YP.com. Podner did not specify the exact number of loan applications copied. 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. 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. All the while making my monthly mortgage payments I was wondering WHY my principal balance was not decreasing (4-year period), and the REASON WHY is because all but $100 was going to the INTEREST WHAT THE HECK DID THEY DO WITH MY INTEREST (As it was a LOCKED rate) BUT apparently not under the LOAN MOD!! I bought my mobile home Like in 1995 and I was kicked out of my mobile home Like in 2015. Please add our name to your Class Action Suit. 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. Greentree Financial Group, Inc. | 88 followers on LinkedIn. 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. 2d 809 (1996). .. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. It purchased Lincoln Income Life Insurance Co. and Bankers National Life Insurance Co. for $32 million and $118 million, respectively. Terms of Service. All we got was harassing calls all day long and at my husbands job. [2] In May 2014, Ditech announced its re-entry to the U.S. housing market. See reviews, photos, directions, phone numbers and more for Greentree Financial locations in San Antonio, TX. I have been a victim of Green Tree / Ditech and Shellpoint Mortgage abuse and excessive charge of fees. What happened Greentree Mortgage? 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. We paid by automatic draft, which we had to pay the service fee of twelve dollars to make payments. Is there anybody that can help recover something from Green Tree. Any normal good company with a major bank documentation would understand or have a solution. The parties then chose an arbitrator, indeed the same arbitrator who was subsequently selected to arbitrate the Bazzles' dispute. 1969)). Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 Anyone have a number I can call. To this day I can remember it like it was yesterday. ", 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. Lackey v. Green Tree Financial Corp., 330 S. C. 388, 498 S. E. 2d 898 (1998). We got calls..sometimes two or three a day. 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. However, we do not consider this offense to be "comparable" in either substance or magnitude-North American's actions were widespread and affected thousands of people, most without their knowledge, and involved confidential financial records. I received my first notice from Ditech that my mortgage was in arrears..after speaking with several CSD representatives.. I am pretty sure this will never get taken care of after reading all the comments. The Supreme Court described the first Gore guidepost-the degree of reprehensibility of the defendant's conduct-as the most important indicium of the reasonableness of a punitive damages award. A comprehensive . Website. Ditech is not answering my call, whom do I contact to get my money back . 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. San Francisco, 69 F.3d 1184, 1188 (1st Cir. The jury's $3.5 million compensatory award was issued by general verdict, after the jury returned verdicts for Conseco on two claims, unfair competition and tortious interference. Be safe Family n friends. PITTSBURGH Three people have been arrested in connection to a shooting in Green Tree on Monday evening. Therefore, Conseco established a proper misappropriation claim with regards to these fourteen loan files. If you type I. Greentree complaints it should come up if the site has not been taken down. It has been hard to get a loan for anything else. It further found that Conseco was likely to succeed on its claims of misappropriation of trade secrets against North American relating to the actions of Podner and Kattleman, but not Bristol. That statute authorizes a fine of $5,000. A structured process drawing out and defining with you what your vision is of your future. Mathias v. Accor Economy Lodging, Inc., 347 F.3d 672, 676 (7th Cir. The most rude people of customer service, even the president or ceo a Mr Walter..I think. The court, relying on Greentree Financial Group, Inc. v. Execute Sports, Inc., 163 Cal. In the event that Green Tree and the Harrises do not agree on Green Tree's choice of arbitrator, section five of the FAA provides that either party may petition the court to appoint an arbitrator. My payment would be lower and I could get interest on my money in the bank to pay my taxes and insurance instead of the mortgage servicer holding it and making money off my escrow account. Accordingly, "a motion for judgment as a matter of law at the close of the evidence `preserves for review only those grounds specified at the time, and no others.'" 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. WOW so I have read alot of these stories and not surprised at all after what they did to us. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 [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. Working with you to see the big picture, tailoring advice driven by your priorities that can then be addressed through a structured and . However, the rules are such that "`technical precision is not necessary in stating grounds for the motion so long as the trial court is aware of the movant's position.'" How do I get into the law suit? They claim they have left messages and I never received any messages. Zachar, 363 F.3d at 74 (quoting Davignon v. Clemmey, 322 F.3d 1, 13 (1st Cir. 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. On this Wikipedia the language links are at the top of the page across from the article title. Conseco also filed a motion seeking a preliminary injunction and a permanent injunction to prevent the "raiding" of its employees. 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. In 2017 did chapter 13 bankruptcy and was paying ditech through that. Three years ago THE COURT RULED IN MY FAVOR against Green tree foreclosure with a FINAL JUDGEMENT WITH MERIT. After considering Conseco Finance Servicing Corporation's (Conseco's)1 unfair competition and tortious interference claims against North American Mortgage Company (North American), a jury returned a verdict against North American on each of the claims and awarded Conseco $3.5 million in actual damages and $18 million in punitive damages. We remand this case to the district court for entry of an amended judgment consistent with this opinion. 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. Another time they lost my payments and threatened foreclosure again. We will consider the evidence in the light most favorable to the verdict, giving the prevailing party the benefit of all reasonable inferences, Id. The Greentree Way | Greentree Mortgage Company, L.P. (651) 224-5017. I never received any kind of notice about a Class Action Law Suit. 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. Who can I contact file a class action lawsuit against Green Tree, and Ditech? But because of there high interest fees. Id. However, a post-trial motion for judgment "`may not advance additional grounds that were not raised in the pre-verdict motion.'" I too was a victim of the Green Tree / Ditech scam. Business Profile for Green Tree Financial Corporation. At Greentree, we make the loan process frustration and hassle-free. In mid-2022, Ditech posted a notice regarding distribution of any unclaimed borrower funds remaining in the Ditech estate. While 800-643-0202 is Green Tree Servicing's best toll-free number, there are 3 total ways to get in touch with them. GT was calling me day and night telling me I was short on my escrow account. A number of these now former employees testified (at the preliminary injunction hearing) that because Conseco was leaving the subprime lending market, they worried about their future, especially considering the fact that they worked on commission. [6] GMAC Mortgage renamed DiTech ditech.com.[3] Reddam left the company in 2000. Last month, HousingWire reported that Green Tree's days were numbered, after Green Tree's parent company, Walter Investment Management Corp. ( WAC ), announced quietly that it planned to merge. 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 . "Green. But according to a $63 million settlement announced by the FTC and CFPB, rather than service, Green Tree gave many homeowners the business.. Sigh. 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. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. Id. Wow same crap happening to my dads mortgage. 2d 674 (2001). They are nothing but crooks. I suffered under them for no apparent reason as my payments were made on time. 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. Was two months behind. [7][17] The company will no longer provide nonprime mortgages. I was going through a really hard time, I fell on hard times, I called green tree to try to talk to them because I was not able to make my payments. The grounds for the renewed motion under Rule 50(b) are limited to those asserted in the earlier Rule 50(a) motion. However, we cannot allow the punitive damage award to stand at $18 million, and remit the award to $7 million. It is important to note that this is a foreign filing. Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! Contacting Green Tree Servicing - by phone or otherwise. 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. Im to the point now where I am contacting my own attorney in order to resolve everything. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. Trying to get a lien release from green tree. It should be paid off and i need the release of lien. Financial Services. Both encouragedays us to be 90 days delinquent. R. Civ. Sounds like there needs to be a class action lawsuit. Between Green Tree and the Mobile Home Park Manager of the Mobile Home Park. North American competes for individuals in the same market. 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.