We got the $ to catch up which wasnt much like one payment and they refused to take the money. They could not find where I owed the money.. I tried to get a home equity loan. 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. 2d 809 (1996). None of the contact #s I have called do not make contact with any Green Tree, Ditech or Shellpoint. We were forced into renting our condo due to housing collapse that prevented us from selling it. Co. v. Haslip, 499 U.S. 1, 23-24, 111 S. Ct. 1032, 113 L. Ed. Some of these former employees also expressed concern about Conseco's overall future financial performance. Join me to get resolution. Conseco Finance sold for $1B - Minneapolis / St. Paul Business Journal We find sufficient evidence of "malice or outrageousness" as defined by Missouri law to permit an award of punitive damages in this case. Ditech 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. I never received any kind of notice about a Class Action Law Suit. Your email address will not be published. To the extreme. San Francisco, 69 F.3d 1184, 1188 (1st Cir. 966, 968 (E.D. Conseco's financial analysts estimated that Conseco suffered compensatory damages of between $3.5 million and $3.9 million. 2003). Another time they lost my payments and threatened foreclosure again. I have reached out to several attorneys, but none can help with Mortgage claims. Adherence to the rule is mandatory. Have been layering and looking for help. 1984). Greentree has been continually harassing. I was sent partial history of account.. All I ever get is the run around. [9][10], In February 2010, GMAC relocated ditech.com offices from Costa Mesa to Fort Washington, PA.[11] In May 2010, GMAC changed its name to Ally Financial. The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. Learn about the FDIC's mission, leadership, history, career opportunities, and more. 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. My loan is FHA 7% 30 years, fixed rate, with PMI payments. This site is protected by reCAPTCHA and the Google. Also notifying new media. Consistent schedule, decent pay. By the end of August, Green Tree will be no more. Co. v. Campbell, 538 U.S. 408, 419, 123 S. Ct. 1513, 155 L. Ed. 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. Please put my name on a Class Action Suit. Any normal good company with a major bank documentation would understand or have a solution. I could go on and on with the difficulty we had while being a customer with this agency, it would take more space than Im allowed. I previously was sending my mortgage payments to Ditech now Im currently sending the payments to Shellpoint Mortgage. Rule 50(a) requires that challenges to the sufficiency of the evidence must be raised initially at the close of the evidence. Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." In arguing that the lead sheets are not "trade secrets," North American principally relies on Vigoro Indus., Inc. v. Cleveland Chem. 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. what do I do now? Find locations. Later, at trial, he admitted they were working for both companies at the same time. GREEN TREE FINANCIAL CORP. V. BAZZLE - Legal Information Institute [23] Later that year, the company's forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets Management LLC.[24]. Kattleman testified that he was uncertain as to exactly how the customer loan files came to be located in his office at North American. Truman Lewis Reporter. Who do I need to contact to get additional info about this claim? The company has filed for Chapter 11 Bankruptcy for the second time in 14 months. 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 Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? Yeah, I almost deserve this. 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. Tell how to get I. My mortgage was with Bank of America for 15 years started 2002 January. Id. Podner said he copied the files in order to aid an employee who wished to make the transition to loan originator. The most demeaning thing there is. Green Tree moved to compel arbitration. Fortunately, authorities were able to track the location of the call and . I am pretty sure this will never get taken care of after reading all the comments. Three arrested in connection to Green Tree shooting - WTAE A comprehensive . Shaking my head. 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. [15] Accordingly, we find no error in the submission, This figure is based on the net worth of North American Mortgage, a division of Dime Savings Bank of New York. You might be able to get more info by calling 1-877-FTC-HELP (1-877-382-4357). During this same period, Conseco's mortgage service division downsized. Furthermore, even if North American's pre-verdict objection could be construed as a challenge to the submissibility of the unfair competition claim,8 the tortious interference judgment remains. 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!? This corporate entity was filed approximately forty-six years ago on Monday, June 13, 1977 as recorded in documents filed with Texas Secretary of State. Get free summaries of new Eighth Circuit U.S. Court of Appeals opinions delivered to your inbox! 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! Such challenges must be sufficiently specific so as to apprise the district court of the grounds relied on in support of the motion. My late husband put me in this bind, Im sorry Lynn for long text. 2003)). On appeal, the district court's determination of punitive damages is reviewed under an abuse of discretion standard. BMW of North America, Inc. v. Gore, 517 U.S. 559, 575, 116 S. Ct. 1589, 134 L. Ed. 332 Minnesota St St Paul MN 55101. [6][8] The loans were also low-documentation mortgages, or stated income loans, and many borrowers falsified their incomes. Is it still possible to be compensated? On November 7, 2008, Security Pacific Bank, Los Angeles, CA was closed by the California Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. 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 company. 2001). What happened Greentree Mortgage? - Squarerootnola.com My credit score was above 780, with no late payments. Auto. Then again on October 2016 another payment made but not applied. GREEN TREE, Pa. . Im to the point now where I am contacting my own attorney in order to resolve everything. P. 50(b); Martin H. Redish, 9 Moore's Federal Practice 50.41 (3d ed.2003). From loan selection to approval and closing, we reduce the complexities and hassles involved in the entire process. [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. I still want relief. [7] Institutional partners can price, lock and deliver individual loans through the Ditech website. If colloquy between counsel and the trial court fleshes out the motion, it may provide the opposing party with the requisite notice. Settlements and Verdicts: Green Tree Financial Corp. But next months statement shows only the principal stated as due being payed, with the excess going toward interest. She is being bamboozled herself. Id. 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. 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. These products are . Green Tree made news in April when the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission ordered the company to pay $48 million in borrower restitution and $15 million in penalties to settle allegations of servicing failures that occurred from 2010 to 2014. Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 And acknowledge the receipt of short sale requests and/or missing documents within five days. CitiMortgage, Inc. or Citicorp Home Mortgage Services, Inc. are successors in interest to CitiFinancial Servicing and the below named companies through acquisitions, mergers or name changes and no longer has any security interest as lienholder. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. The transition concluded in the second half of 2015. I thought it was going to be a pain but Greentree was actually great to deal with. And yes, they do call several times a day. Removing a Lien on a Bankrupt Financial Institution - The FICO Forums Webb Agency, Inc. v. Commercial Standard Ins. [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. Conseco Files for Bankruptcy - ConsumerAffairs I just closed on my deal with Greentree on the second. In 2017 did chapter 13 bankruptcy and was paying ditech through that. Order Online. Shellpoint whatever the heck its called now has been a complete nightmare. I have been terribly harassed and thousands of dollars in late fees and interest charges for the past 6 years only to get my loan transferred 2 other times to other loan companies without resolve. "This court has made it very clear that where the court submits a single damage question for multiple claims and where the evidence supports the actual damage award on any of the claims, the award will not be set aside." Green Tree is also barred from transferring loans in loss mitigation in or out of the company without all the proper paperwork and records in place. [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. P. 50 in its request for judgment as a matter of law and thus has not preserved this argument for appeal. Are there a class action lawsuit against ditech with all the forgery and false information, Im in South Carolina. Trying to get a lien release from green tree. Bristol also testified that he began his employment with North American on June 30, 2000, but did not resign his position with Conseco until July 12, 2000. Nine years this has been going on for me ..suffering years even though I won three years ago still waiting for my damages. We have looked carefully at Greentree Financial Advisors and have found numerous inconsistencies and problems that send the message, "Stay away!" There is a world of difference between expert reviews created by our team with years' experience investigating investment frauds and reviews by so-called customers you may find on some sites. My house was bought in 2007 for $118,000 in Jan 2012 I owed $ 94,000. Borrow Brightly. He earned a salary of $150,000 in 1999. North American management consented to the document duplication by its employees. 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. I have been a victim of Green Tree / Ditech and Shellpoint Mortgage abuse and excessive charge of fees. We will not set aside the jury verdict unless there is a complete absence of probative facts to support the verdict. However, North American neither returned the stolen information nor discouraged its employees' use of Conseco's loan files and lead sheets. Ditech added money on to my principal? It determined that Conseco's lead sheets and documents in its loan files are trade secrets, but also determined that Conseco's customer lists and certain financial information are not trade secrets. Please help me resolve this with ditech. We review the district court's denial of a motion for judgment as a matter of law de novo, applying the same standard as the district court. I was making them but they were not posting my payments or giving me credit and ruined my credit, claiming I was late. [5][3] DiTech became a household name as a result of the commercials. Indeed, Conseco had closed thirty of its 150 branch offices within the previous year. [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.