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. Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. The parties then chose an arbitrator, indeed the same arbitrator who was subsequently selected to arbitrate the Bazzles' dispute. Appeal from the United States District Court for the Eastern District of Missouri, E. Richard Webber, J. R. Civ. My husband passed away in August 2018 and Im burdened down with this horrible situation. 21 Things That Can Raise Your Mortgage Rate. There needs to be a class action lawsuit against these arm twisting loan sharks! Walsh v. National Computer Systems, Inc., 332 F.3d 1150, 1158 (8th Cir. I cant pay this at all. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com. Corp. v. KCBS, Inc., 910 S.W.2d 329, 331-332 (Mo.App.1995). However, the Court also explained that when compensatory damages are substantial, "perhaps [a punitive award] only equal to compensatory damages" may be appropriate. Id. The Greentree Way | Greentree Mortgage Company, L.P. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. Was two months behind. 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. 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. Greentree Financial - Overview, News & Competitors | ZoomInfo.com In 2017 did chapter 13 bankruptcy and was paying ditech through that. I was wondering how your situation turned out so good for you in court? Told her I would be contacting attorney. We were forced into renting our condo due to housing collapse that prevented us from selling it. 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." 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. We paid one and half year extra. We find sufficient evidence of "malice or outrageousness" as defined by Missouri law to permit an award of punitive damages in this case. 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. 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. While just being released from the hospital with diagnosis of stage 3 ovarian cancer, suffering from chemotherapy and not working not able to pay bills. I am a victim of Green Tree and Ditech can anyone do anything about it. Owning a mobile home we learned the hard way no one wants to help you. They have doubled my monthly mortgage beyond my ability to pay even if I way not a disable vet. 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. Co. of N. Greentree Financial Negative Reviews - Complaints Board My lender told me that Green Tree Servicing still has 2nd lein on my property! Claim this business. 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. Will a $63 million FTC-CFPB settlement encourage Green Tree to turn GREENTREE MORTGAGE COMPANY - 10 Reviews - Yelp In response, Conseco sent a copy of Mambretti's letter to North American with a request that North American "cease and desist" from taking and using information contained in Conseco's loan files. However, North American also introduced several new legal theories-related to damages-not distinctly articulated in its "Directed Verdict Motion." We will consider the evidence in the light most favorable to the verdict, giving the prevailing party the benefit of all reasonable inferences, Id. We have been a victim of Green Tree / Ditech / Shellpoint abuse and excessive charge of fees. Contacting Green Tree Servicing - by phone or otherwise. It did not, and by failing to do so, North American forfeited its argument to the extent that it was not forfeited by the failure to assert those grounds in their Rule 50(a) motion, We agree with the district court that the common-law claim of unfair competition has likely been replaced by the statutory offense described in the Missouri Trade Secrets Act. 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. 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. Requested payoff through government agencies and received payoff from ShellPoint. If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. In fact, Green Tree's parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment's well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter . 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!! [19], Ditech is well known for television commercials that aired during the 2000s. Is there a phone number to call? Bristol testified that he believed between one to six of these leads resulted in new business for North American. These loan files included personal financial statements of Conseco customers, loan applications, appraisals, income calculation worksheets, W-2 forms, payroll information of Conseco customers, income calculation worksheets, tax returns, and bank statements of Conseco customers. what happened to greentree financial - s55493.gridserver.com Both Greentree and Ditech are thugs. Vigoro contended that the names of 200 former customers constituted a trade secret. 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. Can anyone please help me with whom I can contact?? Fortunately, authorities were able to track the location of the call and . Paid almost every payment with a convenience fee. By the end of August, Green Tree will be no more. The . Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. On appeal, North American argues that the district court erred when it 1) submitted the unfair competition claim to the jury, 2) failed to grant judgment as a matter of law, 3) found that the compensatory award was supported by the evidence, and 4) allowed the punitive damage award to stand. And how does this company get away with this by changing their name constantly. 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. Conseco Agrees to Acquire Green Tree for $6.44 Billion - WSJ 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. 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." Zachar, 363 F.3d at 74 (quoting Davignon v. Clemmey, 322 F.3d 1, 13 (1st Cir. Sent payoff check but unable to receive Satisfaction of Mortgage because they want more money. 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. collinseisenring1962@gmail.com. To this day I can remember it like it was yesterday. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument. 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. Podner did not specify the exact number of loan applications copied. 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. GT uses unethical practices, and I keep making my payments on time but think about letting them have the 2nd home back because of the harassment. Lackey v. Green Tree Financial Corp., 330 S. C. 388, 498 S. E. 2d 898 (1998). By the end of August, Green Tree will be no more.