Conseco Files for Bankruptcy - ConsumerAffairs I contacted supervisor who assured me he would check into it. Did GT pay off CFPB? Also, North American's senior manager, Wade Hershel, received faxes containing Conseco loan documents originating from Conseco's St. Louis branch office from loan originators with this clandestine dual-employment status. Conseco Finance Servicing Corp., Formerly Known As Green Tree Financial Can someone please please please HELP me? Please add our name to your Class Action Suit. Can anyone please help me with whom I can contact?? 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. 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. Is there anybody that can help recover something from Green Tree. Zachar v. Lee, 363 F.3d 70, 72 (1st. North American argued in its Rule 50(a) motion (styled "Motion for Directed Verdict") that Conseco "failed to offer sufficient proof that it sustained damages that were proximately caused by [North American's] use or misappropriation of trade secret documents." In 2017 did chapter 13 bankruptcy and was paying ditech through that. 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. of Mo., Inc., 162 F.3d 991, 998 (8th Cir. Thank you, Kim (ADD ME TO YOUR LIST). 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. CitiFinancial exited the servicing business in 2017. The company has also been ordered to halt all mortgage servicing violations, including how much consumers owe Green Tree. Calls throughout the day and weekend threatening jail time and foreclosure. Galdieri-Ambrosini v. Nat'l Realty & Dev. However, these were not the "specific grounds" on which North American argued below. The State of California received a notice from Ditech that I overpaid something and am due a refund, but Ditech no longer exists. App. Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 However, North American neither returned the stolen information nor discouraged its employees' use of Conseco's loan files and lead sheets. ALWAYS trouble. In short, we see sufficient evidence that North American misused Conseco's trade secrets to justify the submission of the unfair competition claim and the tortious interference claim to the jury. The parties proceeded to a trial on the merits for these issues. 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. I had to call them while working and my coworkers heard then yelling & threatening me if I was late. Even worse, delinquent borrowers who called Green Tree were automatically routed to debt collectors rather than a loss mitigation specialist. As such, it captured over 25 percent of that business by 1993. Since Ditech filed bankruptcy, I wonder if my money even exists any longer. Yearly bonus is a plus. Welcome to GreenTree Inn Santa Fe at Cerrillios Road, a nice option for travelers like you. Ins. Be safe Family n friends. I was a victim of this as well from Green Tree, but I never received anything regarding this class action lawsuit. Once we would find someone to help us modify, they would move them to another account. But the company is not closing. In mid-2022, Ditech posted a notice regarding distribution of any unclaimed borrower funds remaining in the Ditech estate. For its first assignment of error, North American directs our attention to Conseco's unfair competition claim that is founded on North American's alleged misuse of Conseco's trade secrets.5 North American argues that the district court erred in its initial decision to submit this claim to the jury and then in its subsequent declination to grant a judgment as a matter of law. They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? You're all set! R. Civ. Green Tree Financial Services Corporation However, the district court denied North American's summary judgment motion relating to misappropriation of lead sheets, documents in Conseco's loan files, unfair competition, and tortious interference with business relations. This list included the names and phone numbers of these customers. 1971) (stating that it is "generally held that an agent's malice is imputable to the corporation making the latter liable for malicious, willful or criminal torts of its agents or employees within the scope of their employment"). In 2006, ditech.com general manager Michael McCarthy resigned and was replaced by Richard D. And will not tell me nothing, except, paid your payment, my lawyer told me I dont miss payments. Lyn-Flex West, Inc. v. Dieckhaus, 24 S.W.3d 693, 697-698 (Mo.App.1999). .WHY? norma, get an attorney and get one quick that specializes in dealing with mortgage law there are several that have won against Green Treethey all know they are scum. 1994), aff'd in relevant part, 82 F.3d 785 (8th Cir. My house was bought in 2007 for $118,000 in Jan 2012 I owed $ 94,000. In arguing that the lead sheets are not "trade secrets," North American principally relies on Vigoro Indus., Inc. v. Cleveland Chem. CFPB Director Richard Cordray said in a release that the company failed consumers who were struggling by prioritizing collecting payments over helping homeowners.. 1994)). 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. Kientzy v. McDonnell Douglas Corp., 990 F.2d 1051, 1061 (8th Cir. [6][8] The loans were also low-documentation mortgages, or stated income loans, and many borrowers falsified their incomes. 2d 1 (1991)). To the extreme. The FDIC has assembled useful information . (2) how will we as victims be contacted about a $$ settlement? In 2003 we refinanced this home through US Bank, however, whenever that was done apparently US Bank never got a CLEAR title on our mobile home. On June 8, 2022 the Bankruptcy Court entered an Order governing the distribution of any unclaimed borrower funds remaining in the Ditech estate. Introduction. 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." 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. I quit answering the phone calls but saved all their numbers for later proof of their harassment. Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. The first, Kevin Kattleman, a former area manager in its O'Fallon, Illinois, office, testified that fourteen customer loan files from Conseco were in his possession after he began to work for North American. And doing something about it, cause Lynn Im that ((((B)))). I was never late during the five years. 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. 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. We got the $ to catch up which wasnt much like one payment and they refused to take the money. GREEN TREE, Pa. . 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. But according to a $63 million settlement announced by the FTC and CFPB, rather than service, Green Tree gave many homeowners the business.. Therefore, Conseco established a second misappropriation claim in regard to those specific loan files copied by Podner just prior to his resignation from Conseco. I had a modification done with Bank Of America. Home loan options include fixed rate, adjustable rate and FHA loans. 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. CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. This company or like vultures and dont care whom they may devour. The company held sponsorships on Hendrick's part-time #44 car, as well as the #87 car on Busch Series level. Business Profile for Green Tree Financial Corporation. 1994)). Conseco Inc., a major provider of life and health insurance, agreed to acquire Green Tree Financial Corp., a subprime-market lender best known for financing mobile-home purchases, in a stock. All rights reserved. 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. I paid them immediately over the phone once aware and confirmed it was not cashed. [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. 7410 S Roosevelt St Ste. We work with many lenders as well as advertisers and other networks across the nation. At that time, we only had 17 years left on our 30 year loan. Conseco asserts that Kevin Kattleman, Kevin Podner, and Scott Bristol all removed customer loan files-or copies of the files-from Conseco's offices. STE. 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. Who do I contact to file lawsuit and get justice and prove damages? [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. Shaking my head. Green Tree Acceptance, Inc. - Company Profile - Corporation Wiki Greentree Financial 7360 S Kyrene Road Tempe, Arizona U.S.A. After a very long time, I did get approved for the loan mod, and still recvd papers saying I was kicked off this too went on for a LONG TIME! Ditech is not answering my call, whom do I contact to get my money back . And, one of North American's senior managers, Carrie Hiatt, knowingly authorized Rick Lasek to work in North American's Des Moines office while Lasek was still employed by Conseco, There was evidence of wrongdoing in several North American locations including: St. Louis, Missouri; Collinsville, Illinois; Springfield, Illinois; Wichita, Kansas; Davenport, Iowa; Colorado Springs, Colorado; and Overland Park, Kansas, North American's senior manager in charge of the company's expansion into the subprime market, Ken Keeler, received compensation based on loan production. It always appears that I am behind in payments when I am really 2 months ahead. 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. The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. Ditech Alert: Ditech Files Bankruptcy For The 2nd Time In 14 Months Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 More. Had to go chapter 13 to stop all the harassing calls , one guy told me to pay up or get my out of my Mobile home. A structured process drawing out and defining with you what your vision is of your future. After such consideration, we find that the $18 million punitive award does not comport with the requirements of the Due Process Clause. 2003). Id. 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. Settlements and Verdicts: Green Tree Financial Corp. Order Online. Prior to that, they would send papers saying I was approved for a loan mod, then theyd send papers saying I was denied and had X amount of days to get out of the house or I would come home to find my house locked up by the sheriff and I would never gain access, then they would try to short sale it. Tempe, AZ 85283. Vigoro contended that the names of 200 former customers constituted a trade secret. 1995)). In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. Told her I would be contacting attorney. Yeah, I almost deserve this. Greentree Financial Group, Inc | Cornelius NC - Facebook Green Tree Servicing is one of the biggest servicers of home loans in the United States. At Greentree Financial we offer our clients comprehensive financial planning. What happened Greentree Mortgage? They claim they have left messages and I never received any messages. "Green. We had a home equity line with them and ended up borrowing from my parents to pay it off. Add my name to whatever I am tired of getting a run around. Hi Folks I am in need of my Title to my Modular Home I paid off in 2016, so I can sell my home. Is it still possible to be compensated? 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. Further, because the common law and the statutory elements of the claim remain the same, any resulting error would likely be harmless. 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. Our online loans service can give . North American management consented to the document duplication by its employees. Business Profile for Green Tree Financial Corporation I was diagnosed with breast cancer and just asked for a little guidance from them. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. 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. See Fed. .help? 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! As such, it captured over 25 percent of that business by 1993. After all, a payback journey that's good for your credit is really what matters. I had a loan modification with bank of america,the loan were sold to greentree and they cancel the modification,now i have been out of the house for 5months,and they havent made a move to toward claiming or taken control of this property,wish is theirs. Anyone have a number I can call. However, when passing on a district court's determinations concerning the constitutionality of the punitive award, we use a de novo standard of review. I am now 72 years old and am forced to live in HUD housing. [14], In March 2014, the company resumed originating loans using the Ditech name. But, to no avail. By the end of August, Green Tree will be no more. He went court I couldnt make it their because I had no transportation to get their, so the Judge signed the eviction paperwork.
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