Terrence J. O'Toole of St. Louis appeared on the brief. The Truth About Mortgage. At Greentree, we make the loan process frustration and hassle-free. We are further convinced that North American's net worth was not the sole consideration in the jury's punitive award. Green Tree Financial Corp., 330 S. C. 388, 498 S. E. 2d 898 (1998). My mortgage was only suppose to last for 30 years. How do I get answers on how to receive money back from my home. T213. We tried to refinance with another company and they caused problems with that and we ended with not being able to do that. Where do I go? Greentree's escape came after her captor forced the young surfer to call home and demand money in exchange for her freedom. 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.'" 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. Ive been trying to get a short sale with Greentree since May of 2014. COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED Counsel who presented argument on behalf of the appellant was Thomas C. Walsh of St. Louis, MO. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. Who do we talk to about a lawsuit? 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. On this Wikipedia the language links are at the top of the page across from the article title. Now they want over $9,000 from me for some reason. 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. The company held sponsorships on Hendrick's part-time #44 car, as well as the #87 car on Busch Series level. Green Tree moved to compel arbitration. CFN Investment Holdings will pay $700 million. Additionally, the company supposedly charged customers $12 for its pay-by-phone service and pressured borrowers into using it to ensure their payments were received on time. It specializes in "servicing" (debt-collecting) subprime residential mortgages. The FDIC has assembled useful information . 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. I just found this article and learned that I may be able to recoup the convenience service fees of $12 I paid multiple times to Green Tree. Kimzey v. Wal-Mart Stores, Inc., 107 F.3d 568, 576 (8th Cir. This would begin CNN's ongoing live coverage of the September 11 attacks.[22]. Yes it happened to me, I bought a mobile home and Greentree was my lender for 240 months payments, I was behind one month, they call me and threaten me by making my credit bad, and take my home, so I did a direct deposit, for 20 years, total 240 months. 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."). They could not find where I owed the money.. [6] GMAC Mortgage renamed DiTech ditech.com.[3] Reddam left the company in 2000. Who do I contact to file lawsuit and get justice and prove damages? Nine years this has been going on for me ..suffering years even though I won three years ago still waiting for my damages. 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. Have been layering and looking for help. [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. They sent me wrong documents, pretend they dont have them and are also scamming borrowers. [2] The brand had effectively disappeared from the marketplace for five years during the mortgage crisis, and the company decided to bring Ditech name back after determining that consumers held largely positive views of the brand. The transition concluded in the second half of 2015. 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 Mortgage Refinance Process: Step-by-Step Guide, How to Lower Your Mortgage Rate Without Refinancing. Further, we are satisfied with the sufficiency of the evidence supporting the jury's award of punitive damages. We would only have 7 years left, if we didnt do this. Greentree Financial Group, Inc. | 88 followers on LinkedIn. Claim this business. Conseco appealed the district court's denial of injunctive relief as to its "raiding" claim. at 435, 121 S. Ct. 1678. 1998). Both motions were denied by the district court, and the case was submitted to the jury on Conseco's claims of unfair competition and tortious interference. At both the close of Conseco's case and the close of all of the evidence, North American filed motions for directed verdict, which were argued before the court. 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. Well GreenTree Financial went bankrupt and their accounts were taken over by Conseco Financial. Bristol also stated that he encouraged three of the loan originators working under him at Conseco to resign and come to work with him at North American. Lawsuit, Mortgage with GreenTree/Conseco/Ditech/New Rez-ShellPoint since 1995. 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. 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!! Several of these former Conseco employees resigned after receiving solicitations from North American. 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. 1994)). Green Tree Servicing. 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.'" 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. This instant case involves thousands of customers-located throughout the country-who were identified through a complex computer system. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. [2], In May 2014, Ditech launched a co-branding and joint-venture initiative with more than 600 institutional partners that provide mortgage and refinance loans to their customers. After such consideration, we find that the $18 million punitive award does not comport with the requirements of the Due Process Clause. I had a loan on a mobile home back in 2000 it was refinance later on but it is still listed with Greentree services listed on the title and Im trying to sell it. [3] In April 1995, Reddam began originating, selling, and servicing mortgage loans tied to the prime interest rate. If you dont mind please contact me at 409-277-0420 Im in serious need of advice. I was sent partial history of account.. 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. 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. The opposite of how it should work. Tell how to get I. They keep selling the mortgage to different companies. Kattleman testified that he was uncertain as to exactly how the customer loan files came to be located in his office at North American. The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. 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. 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. Meridian Enters. They prey on people who are down on their luck with bad credit. Some reps told borrowers they were deadbeats and warned them that nonpayment of their mortgage could result in arrest or even imprisonment. I tried to explain they were using an 18 month required funds audit for a 12 month payment and contacted CA Department of Business Oversight for assistance. Wow same crap happening to my dads mortgage. I was refused several times for a modification. Green Tree Servicing is one of the biggest servicers of home loans in the United States. 7410 S Roosevelt St Ste. The court also defined "readily ascertainable" to mean that the plaintiff did not spend a great deal of time or effort compiling that information. Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." Must Convert Temporary Loan Mods into Permanent Ones. 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. A review of the record leaves us with no doubt that the jury had sufficient evidence before it (albeit conflicting evidence) to conclude that North American had engaged in unfair competition and caused damage to Conseco. 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. Ditech has sold my mortgage to Loancare another thug company with outrageous fees and terrible customer service, if thats what you want to call it!? They tacked on so many years to our loan, that we will never be able to pay it off. I feel like they are trying not pay all or part of my $1000 per year for a total of $5000 for making all of my payments on time. The balance of the second was about $55k. My loan is FHA 7% 30 years, fixed rate, with PMI payments. [6][8] The loans were also low-documentation mortgages, or stated income loans, and many borrowers falsified their incomes. It is important to note that this is a foreign filing. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. Once a lead sheet is received in a branch office, the office manager then forwards it to a loan originator, who calls these potential customers to offer Conseco's financial services. It is clear to us that Conseco derives economic benefit from this information. 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. 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. I have no escrow. I called numerous times with no help into correction and emailed them only to get an automated email response that they received my email. Conseco asserts that Kevin Kattleman, Kevin Podner, and Scott Bristol all removed customer loan files-or copies of the files-from Conseco's offices. I have been a victim of Green Tree / Ditech and Shellpoint Mortgage abuse and excessive charge of fees. 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. On August 31, 2015, Green Tree Servicing became ditech, a Walter company. 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. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. Also, some employees noted that Conseco had recently placed significant restraints on its area managers' loan authority. As to the third Gore guidepost, North American concedes there is "no precise cognate in Missouri criminal law," but attempts to use the Missouri commercial bribery statute, RSMo 570.150.1(3). Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. 2004) (quoting Sanchez v. Puerto Rico Oil Co., 37 F.3d 712, 716 (1st Cir. What is Ditech Financial phone number? 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. Does anyone know who to call for me to claim my refund? Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! Walsh, 332 F.3d at 1158. It then entered an injunction against North American, Podner, and Kattleman from soliciting customers who had documents taken from their loan files. thank you Jill Hardwick. I would hate to be the insurance company that underwrote the surety bond for Green Tree. This site is protected by reCAPTCHA and the Google. They been foreclosing on and now says owe over 49 thousand dollars due to missed payments then stopped taking my payments and sent my money orders stamped on back to me but call daily demanding full payment but told me only contact their lawyer that we got charged with! (Jul-23-03) [PIONEER PRESS] 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. [14], In March 2014, the company resumed originating loans using the Ditech name. San Francisco, 69 F.3d 1184, 1188 (1st Cir. Lyn-Flex West, Inc. v. Dieckhaus, 24 S.W.3d 693, 697-698 (Mo.App.1999). Green Tree Financial Corporation filed as a Statement & Designation By Foreign Corporation in the State of California and is no longer active. Related documents Order Complaint FTC Press Release Press release Bristol testified that he believed between one to six of these leads resulted in new business for North American. 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. 1998). Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. We got the $ to catch up which wasnt much like one payment and they refused to take the money. Any correspondence will be noticed. We tried to short sale but after 50 days on the market Greentree offered to do a Deed in lieu based on the second mortgage releasing the lien for 10% settlement. And, interestingly, much of the improper activity occurred after Conseco filed suit, further reflecting the reprehensibility of North American's actions. [2] In May 2014, Ditech announced its re-entry to the U.S. housing market.
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