STE. This is actually still happening. How do I get into the law suit? I was making them but they were not posting my payments or giving me credit and ruined my credit, claiming I was late. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. How can I settle with them without paying. GREEN TREE, Pa. . No one seems to know. My payments went back up to what they were before the nodification. At the time of trial, Dime Savings had been acquired by Washington Mutual, a company with a net worth of several times this amount, North American argues that the punitive damages were an improper remedy for its discovery abuses. And yes, they do call several times a day. This site is protected by reCAPTCHA and the Google. Please help! We agree. GREEN TREE FINANCIAL CORP. v. BAZZLE | Supreme Court | US Law | LII Id. Mortgage Brokers vs. Banks: Which Is Better? Although it is undisputed that the lead sheets themselves are not generally accessible to the public, North American asserts that much of the information contained within these lead sheets can either be purchased from various credit agencies or found in mortgage records, all of which are accessible to the public. The court also defined "readily ascertainable" to mean that the plaintiff did not spend a great deal of time or effort compiling that information. I.say file, file and get an attorney. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. He went court I couldnt make it their because I had no transportation to get their, so the Judge signed the eviction paperwork. They first claimed they were not aware of this on time payment incentive from my original banks docs. We, however, affirmed the decision of the district court to deny the injunction. Green Tree Servicing is one of the biggest servicers of home loans in the United States. Id. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. 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. In 2010, my morgage was sold from BofA to Greentree Servicing LLC. The Manager had my car towed away, and I couldnt afford to get it out of impound. If anyone has a working Phone # or email address I can use to address my Title issue, please let me know . None of the entities below own or service loans . Ive been a customer since 2002. [7] Institutional partners can price, lock and deliver individual loans through the Ditech website. The opposite of how it should work. Green Tree gone; Ditech merger complete - HousingWire They were not interested in helping us modify our loan even though we qualified. "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. 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. In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. Settlements and Verdicts: Green Tree Financial Corp. 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." The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. Bank of America really cost me a lot of money for their role in this sale to an unscrupulous company. Now, i cant get in touch with anyone to get my balance? Ripoff Report on: Greentree Financial - Greentree financial broke the law calls in one day lugoff south carolina Indeed, through possession of these loan files, Conseco is in a unique position of being able to analyze its customers' specific financial needs and identify those current customers who may need additional Conseco financial services. 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. They claim they did not receive my last payment when it was paid via my banks bill pay. My current mortgage service provider will not let me cancel the escrow account they set up because they are charging me 14 months taxes and insurance instead of 12 just in case it increases and I never get a refund of any excess money they collect and no idea where it goes. I would end up hanging up and they repeatedly called me plus after 9pm trying to harass me more. Podner testified that the number was substantial. 332 Minnesota St St Paul MN 55101. 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. I wonder if Green Tree will go out of business because of this. Bristol testified that he believed between one to six of these leads resulted in new business for North American. But, to no avail. I too was a victim of the Green Tree / Ditech scam. CFN Investment Holdings will pay $700 million. How can I stop getting statements from them? [2] It also announced a corporate re-branding with its servicing affiliate, Green Tree Servicing, which took place in 2015. Normally I just pay my bills without looking at where the money goes. 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. 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. GT was calling me day and night telling me I was short on my escrow account. I never received any kind of notice about a Class Action Law Suit. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. 1995)). individuals with low credit scores. 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.'" Greentree-financial.com is an online marketplace where a lender can give you a decision instantly for the funds you need. By the end of August, Green Tree will be no more. Greentree Financial Group I cannot get a bank to FHA streamline the $67, 000 mtg. I have been making excess (extra on principal) payments for quite a while. He would lie to my husband and ask why I wouldnt speak to him. In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. 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. We paid one and half year extra. Next, North American claims that because the Missouri Uniform Trade Secrets Act has replaced all common-law remedies, no tort claim is maintainable unless the information qualifies as a "trade secret" under the statute. T213. 1996). 1995) (quoting Cortez v. Life Ins. [6] GMAC Mortgage renamed DiTech ditech.com.[3] Reddam left the company in 2000. 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 did send CFPB many documents pertaining to abuse by Green Tree. Can someone please please please HELP me? A comprehensive . 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. BMW of North America, Inc. v. Gore, 517 U.S. 559, 575, 116 S. Ct. 1589, 134 L. Ed. P. 50(a) (2). the combining form for plasma minus the clotting proteins is what happened to greentree financial Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. Nine years this has been going on for me ..suffering years even though I won three years ago still waiting for my damages. It then entered an injunction against North American, Podner, and Kattleman from soliciting customers who had documents taken from their loan files. They could not find where I owed the money.. They are saying it may have been lost in the mail but they refuse so far to make it right. 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. 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. Specifically, North American argues that its conduct was not outrageous and did not justify the award, that there was no corporate wrongdoing by North American, and that the punitive damages were an improper remedy for its discovery abuses.10. R. Civ. at 416-417, 123 S. Ct. 1513 (2003). They tried to triple my mortgage payment when I paid what my mortgage payment actually was and had been for long time. [13] In November 2012, Ditech was formed from assets of the estate of GMAC ResCap during the bankruptcy proceeding. [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. Consequently, he was employed by both companies during this two week period. 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."). Our online loans service can give . Recommend. I am trying to get the deed/title to my home. 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. Conseco, in its "First Amended Complaint," added two additional counts-participation in breach of fiduciary duty, and a separate count for injunctive relief. However, when passing on a district court's determinations concerning the constitutionality of the punitive award, we use a de novo standard of review. After a few weeks they turned our account over to someone else and the same cycle. The company held sponsorships on Hendrick's part-time #44 car, as well as the #87 car on Busch Series level. The parties then chose an arbitrator, indeed the same arbitrator who was subsequently selected to arbitrate the Bazzles' dispute. Green Tree Servicing. App. Anybody know of a good company to refinance with? Tempe, AZ 85283. Walsh, 332 F.3d at 1158. About Green Tree Financial Is there anybody that can help recover something from Green Tree. Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! 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). Greentree Financial Group, Inc. 19720 Jetton Road, 3rd Floor Penthouse Cornelius, NC 28031 (704) 892-8733 Office (704) 892-6487 Fax mikebongiovanni@gtfinancial.com. At the close of the evidence, North American sought judgment as a matter of law arguing that the there was no causal connection between the alleged wrongdoing and the damages. 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. Did GT pay off CFPB? Bristol also testified that before leaving Conseco, he compiled a list of 100 to 200 customers who had previously engaged in business with Conseco. Afterwards, an audit was done and they removed some on-time payments to take some incentives away from me. 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. Therefore we begin by noting that the district court gave correct and distinct instructions relating the purpose and standard for punitive damages, and turn our focus to the reprehensibility of North American's conduct. Green Tree Servicing, LLC | Consumer Financial Protection Bureau The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. Ruby M Eisenring 321-333-2271, We refinance our home with Greentree which eventually transferred to Ditech. Emmenegger v. Bull Moose Tube Co., 324 F.3d 616, 619 (8th Cir. Youll be paying these peoples to your Death. James S. Cole of St. Louis appeared on the brief. After 2 years of accepting the calls. In 2017 did chapter 13 bankruptcy and was paying ditech through that. If you dont mind please contact me at 409-277-0420 Im in serious need of advice. WOW so I have read alot of these stories and not surprised at all after what they did to us. And, interestingly, much of the improper activity occurred after Conseco filed suit, further reflecting the reprehensibility of North American's actions. She is being bamboozled herself. Podner said he copied the files in order to aid an employee who wished to make the transition to loan originator. The company's unusually aggressive collection methods and other business practices are in question. I just closed on my deal with Greentree on the second. .. To whom should I write or should I call regarding compensation from Green Tree also known as Greed Tree. Ripoff Report | Greentree Financial Review - Tempe, Arizona 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 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." 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 had a loan with Greentree which the company did unlawful practices who do I reach out to for compensation. The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations. The Court, however, went on to note that " [w]hile these ratios are not binding, they are instructive. 1997). Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. However, a corporate defendant is required to pay punitive damages so long as the employees were acting within the scope of their employment. Get free summaries of new Eighth Circuit U.S. Court of Appeals opinions delivered to your inbox! 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. I was thrown out in the poring down rain with no place to go. Contact - Greentree Financial Group 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. Showing You A Faster Way Home Get Pre-Qualified Now Complete a Full Application Understand your credit report and score Loan interest and fee Monthly payment structure Answer tax related questions How you can save on taxes and take advantage of deductions and returns Manage your debt better Williams v. ConAgra Poultry Company, (slip opinion August 6, 2004). Is there a phone number to call? 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. Sounds like there needs to be a class action lawsuit. It is undisputed that fourteen Conseco customer loan files were in Kattleman's possession after he resigned from Conseco. .help? I think all of them are Scammers. Fed. I am a victim of Green Tree and Ditech can anyone do anything about it. North American management consented to the document duplication by its employees. On this Wikipedia the language links are at the top of the page across from the article title. Green Tree Servicing (now Ditech Financial LLC) | LinkedIn I asked for a payoff amount and they refused to give it. Requested payoff through government agencies and received payoff from ShellPoint. Most notably, Conseco's management decided to discontinue loan services in the subprime lending market. 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 called numerous times with no help into correction and emailed them only to get an automated email response that they received my email. In order to recover damages for unfair competition, Conseco was required to prove 1) the existence of a trade secret, 2) the communication of the trade secret to another, while that former employee was in a position of trust and confidence with Conseco, and 3) the use of the trade secret that damaged Conseco. 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. Conseco also asked that North American return all of the information that it had acquired from Conseco's former employees. But because of there high interest fees. Id. 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. This went on for well over a year, all while theyd be calling and harassing me, names and bullying me to get out of my home. 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. Three years ago THE COURT RULED IN MY FAVOR against Green tree foreclosure with a FINAL JUDGEMENT WITH MERIT. 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!! The rep became short with me. I told them they were charging me 3x my payment and I had made them on time. 2d 1 (1991)). We were victims of Greentree. Green Tree Financial Corporation filed as a Statement & Designation By Foreign Corporation in the State of California and is no longer active. ", 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. (0) Super Helpful (0) They're not great but not a Ripoff (0) Total Ripoff (0) North American moved for summary judgment, and the district court granted North American's motion as to misappropriation of customer lists and certain financial information. I have a mortgage with Ditech (prev Greentree). I suffered under them for no apparent reason as my payments were made on time. 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. 2006 - 2023. Co. of N. My husband passed away in August 2018 and Im burdened down with this horrible situation. Ins. Yeah, I almost deserve this. 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. Id. thank you Jill Hardwick. Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. Mathias v. Accor Economy Lodging, Inc., 347 F.3d 672, 676 (7th 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. 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. (Jul-23-03) [PIONEER PRESS] They are all in this together I trust none. They settled for $5500 (BOA paid $3k and my Seller paid $2500) and Greentree WAIVED THEIR DEFFICIENCY RIGHTS!!! As such, the district court abuses its discretion in permitting a punitive damage award to stand when the award is so disproportionate to the factors relevant to the size of the award that it reveals "improper motives or a clear absence of the honest exercise of judgment."

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