Contact - Greentree Financial Group Working with you to see the big picture, tailoring advice driven by your priorities that can then be addressed through a structured and . North American also claims that these individual indiscretions do not amount to "corporate" wrongdoing by North American. I made every payment on time and they refused to pay me the thousand dollars I was entitled to each time I requested payment. A due process violation occurs when the punitive damages imposed by the jury are grossly excessive. 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. We paid until 2018 July. Shell point mortgage servicing owns the mortgage now. Co., 333 F. Supp. Some reps told borrowers they were deadbeats and warned them that nonpayment of their mortgage could result in arrest or even imprisonment. 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. Podner did not specify the exact number of loan applications copied. 2d 809 (1996). Kientzy v. McDonnell Douglas Corp., 990 F.2d 1051, 1061 (8th Cir. 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. 1995) (quoting Cortez v. Life Ins. Witnesses for both parties testified that the information contained in these files was recognized by all Conseco employees as confidential, and therefore not to be disclosed. Required fields are marked *. Ins. Mortgage service providers take advantage of borrowers and no one cares much to help us and monitor the bad lenders. I have been making excess (extra on principal) payments for quite a while. God bless all of you also dealing with cancer etc. Greentree Financial in San Antonio, TX with Reviews - Yellow Pages The present scenario is clearly distinguishable. I cant get in touch with anyone to get it off. 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 CFPB's Civil Penalty Fund. Therefore, Conseco established a second misappropriation claim in regard to those specific loan files copied by Podner just prior to his resignation from Conseco. Later, at trial, he admitted they were working for both companies at the same time. Conseco Agrees to Acquire Green Tree for $6.44 Billion - WSJ 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. After the preliminary hearing, the district court entered a narrowly-tailored injunction. Greentree Financial Company Profile | Management and Employees List 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. thank you Jill Hardwick. My mortgage was with Bank of America for 15 years started 2002 January. He even called my elderly parents and harassed them. A structured process drawing out and defining with you what your vision is of your future. She did this several times, threatening me, stressing me out they would foreclose and I would lose my house due to their error and unwillingness to correct it. Yeah, I almost deserve this. 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. Green Tree Servicing is one of the biggest servicers of home loans in the United States. [3], In 2005, DiTech was organized as a business unit of Residential Capital, LLC (often referred to as "ResCap"), which controlled mortgage-related subsidiaries owned by General Motors Corporation. Bank of America sold to Green tree and then to Ditech. Who do we talk to about a lawsuit? 1150 (E.D. 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. I was used and abused by greentree ditech until January 30, 2018 when I refinanced and went with another provider all together! Financial Services. In 2012, I began paying my own taxes and insurance. San Francisco, 69 F.3d 1184, 1188 (1st Cir. More. [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. Eventually we got word that our payments were not being accepted even with the money in our account, we were instructed to start sending payments in by purchasing through Walmart, which was additional funds. CNO Financial Group - Wikipedia Sign up for our free summaries and get the latest delivered directly to you. The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. Green Tree Servicing Phone Number | Call Now & Shortcut to Rep - GetHuman I quit answering the phone calls but saved all their numbers for later proof of their harassment. I have bank statements proving money was taken out and cashed to them and mortgage statements proving the money was never applied to my loan. 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. This site is protected by reCAPTCHA and the Google. 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. On appeal, North American offers an eloquent and persuasive argument regarding the stringent requirements relating to the calculation of lost profits, particularly in relation to "net" profits. Told her I would be contacting attorney. Thank you. Once we would find someone to help us modify, they would move them to another account. If specificity is lacking, judgment as a matter of law may neither be granted by the district court nor upheld on appeal unless such a result is "`required to prevent manifest injustice.'" Owning a mobile home we learned the hard way no one wants to help you. 1993). Greentree has done everything than can think of to get my home. 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]." Walsh, 332 F.3d at 1158. 2006 - 2023. At trial, Conseco's evidence established that thousands of Conseco's lead sheets were in North American's possession, that employees worked simultaneously for both companies, that Conseco's loan documents were faxed to senior management at North American, and that employees from several of Conseco's offices had taken Conseco's loan documents to North American.3 Conseco offered expert testimony that approximately five percent of Conseco's lead sheets result in funded loans, each with an average-net profit per loan of $4,000. Statement shows a breakdown of current payment due in terms of principal and interest. I was thrown out in the poring down rain with no place to go. Can someone give all of us a name of a law firm that will help us. Now they want over $9,000 from me for some reason. I have confirmation numbers from my bank and I have never had a problem paying this way, even to them. 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. I am a victum of this bad service and been robbed right out of my bank account and experienced more illegal acts up until this day. The lies, over and over. The most demeaning thing there is. 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. 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. We affirm in part and reverse in part. Personally the FTC is probably a scam too. 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. The Mortgage Refinance Process: Step-by-Step Guide, How to Lower Your Mortgage Rate Without Refinancing. Podner further testified that in his line of work, it was very common to help new loan originators in this manner, as it is much easier to generate new business with customers who have previously conducted business with Conseco. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. See Fed. T213. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. We agree that both the lead sheets and the information contained in these customer files constitute trade secrets under the act. I have a mortgage with Ditech (prev Greentree). Helping Clients With Custom Financing Options And Consulting Services, Greentree Offers Direct Financing And. Ditech Financial LLC (rebranded from ditech Mortgage and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.[1]. Greentree Financial Group, Inc | Cornelius NC - Facebook Thanks Kevin. Since Ditech filed bankruptcy, I wonder if my money even exists any longer. R. Civ. [2] It also announced a corporate re-branding with its servicing affiliate, Green Tree Servicing, which took place in 2015. 417.453(4) (1995). [15] Now, i cant get in touch with anyone to get my balance? Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! Conseco asserts that Kevin Kattleman, Kevin Podner, and Scott Bristol all removed customer loan files-or copies of the files-from Conseco's offices. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. 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." Home loan options include fixed rate, adjustable rate and FHA loans. Consequently, he was employed by both companies during this two week period. 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. Lastly, the company has been ordered to provide access to quality customer service so borrowers can actually save their homes from foreclosure instead of being pushed toward an arrangement that compensates Green Tree. Green Tree Servicing, LLC | Consumer Financial Protection Bureau Bristol also testified that before leaving Conseco, he compiled a list of 100 to 200 customers who had previously engaged in business with Conseco. State Farm, 538 U.S. at 425, 123 S. Ct. 1513. Settlements and Verdicts: Green Tree Financial Corp. In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. How will former employees be compensated for their income lowering and workload doubling? This list included the names and phone numbers of these customers. GREEN TREE FINANCIAL CORP. V. BAZZLE - Legal Information Institute [2] In May 2014, Ditech announced its re-entry to the U.S. housing market. You can explore additional available newsletters here. [15], Ditech offers a range of home loan and refinance options. 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. Greentree Financial Negative Reviews - Complaints Board Allegheny County police said the shooting happened in the parking lot of the Unity. Greentree Financial Advisors Review - Report a Scam Your email address will not be published. We will consider the evidence in the light most favorable to the verdict, giving the prevailing party the benefit of all reasonable inferences, Id. Be safe Family n friends. Have been layering and looking for help. 2d 674 (2001). We were talked into a loan modification in 2012 with Green Tree, due to many threats daily. 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."

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