Please put my name on a Class Action Suit. In 2000, over the course of several months, a substantial number of Conseco's office managers and loan originators resigned, and many of Conseco's former employees took jobs working for North American. However, North American also introduced several new legal theories-related to damages-not distinctly articulated in its "Directed Verdict Motion." I was harassed and have $837 plus in late fees due to their shenanigans plus no telling how much interest was addressed to my balance. I was thrown out in the poring down rain with no place to go. 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. [3], Powers introduced "People Are Smart," an advertising campaign that leveraged GMAC's reputation as a responsible lender and stressed the importance of making prudent decisions based on expert advice provided by ditech.com loan consultants. We were taking $10,000 a year in losses and there was no end in sight. I cannot get a bank to FHA streamline the $67, 000 mtg. 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."). Several of these former Conseco employees resigned after receiving solicitations from North American. For those who still have their homes, Green Tree must convert temporary loan mods into permanent ones. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. Rule 50(a) requires that challenges to the sufficiency of the evidence must be raised initially at the close of the evidence. Lastly, the company has been ordered to provide access to quality customer service so borrowers can actually save their homes from foreclosure instead of being pushed toward an arrangement that compensates Green Tree. [6] GMAC Mortgage renamed DiTech ditech.com.[3] Reddam left the company in 2000. 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. 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. Thank you, Kim (ADD ME TO YOUR LIST). I had to call them while working and my coworkers heard then yelling & threatening me if I was late. Green Tree Financial Corporation filed as a Statement & Designation By Foreign Corporation in the State of California and is no longer active. (0) Super Helpful (0) They're not great but not a Ripoff (0) Total Ripoff (0) Such challenges must be sufficiently specific so as to apprise the district court of the grounds relied on in support of the motion. Three arrested in connection to Green Tree shooting - WTAE I suffered under them for no apparent reason as my payments were made on time. After having been divorced 4 years into the loan and raising children as a single mother, I have made payments late frequently. I wonder if Green Tree will go out of business because of this. But because of there high interest fees. The complaint alleged ESI had failed to pay $45,000 due . Thank you. Consistent schedule, decent pay. BankFind Suite - Federal Deposit Insurance Corporation We work with many lenders as well as advertisers and other networks across the nation. They sent me wrong documents, pretend they dont have them and are also scamming borrowers. And, interestingly, much of the improper activity occurred after Conseco filed suit, further reflecting the reprehensibility of North American's actions. Green Tree Servicing Merging With Ditech Mortgage [7] The strategy encompasses direct consumer lending and correspondent lending. Related documents Order Complaint FTC Press Release Press release 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. of Elec. It makes me so D MAD. In early August 2000, Conseco sent a letter notifying North American's legal department of the misconduct by Scott Bristol and his loan originators and asking that it stop. Greenpoint Mortgage Closed - The Truth About Mortgage Conseco Files for Bankruptcy - ConsumerAffairs On appeal, North American offers an eloquent and persuasive argument regarding the stringent requirements relating to the calculation of lost profits, particularly in relation to "net" profits. [5][3] DiTech became a household name as a result of the commercials. This corporate entity was filed approximately forty-seven years ago on Friday, January 16, 1976 , according to public records filed with California Secretary of State. 3 of the Int'l Bhd. 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. Your email address will not be published. In other words, the movant cannot use a Rule 50(b) motion "as a vehicle to introduce a legal theory not distinctly articulated in its close-of-evidence motion for a directed verdict." Ann. So disappointing! R. Civ. 1995)). 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. These documents contained information concerning Conseco's internal operations, including monthly retail point income reports generated by each Conseco office, reports ranking the retail volume by branch, reports of retail loans funded by region, financial summaries of each branch, expense ratio reports, expense analysis reports, expense analysis retail volume variance reports, and reports on credit insurance protection. Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. GREEN TREE FINANCIAL CORP. V. BAZZLE - Legal Information Institute 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.'" Ripoff Report on: Greentree Financial - Greentree financial broke the law calls in one day lugoff south carolina [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. Conseco filed a three-count complaint alleging 1) misappropriation of trade secrets, 2) unfair competition, and 3) tortious interference with business relations. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. We, however, affirmed the decision of the district court to deny the injunction. The facts and issues in this case arise from actions taken by North American to acquire information about individuals that is contained in Conseco's confidential files. He even called my elderly parents and harassed them. [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. Ripoff Report | Greentree Financial Review - Tempe, Arizona Co. v. Haslip, 499 U.S. 1, 23-24, 111 S. Ct. 1032, 113 L. Ed. 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. Then again on October 2016 another payment made but not applied. I am now 72 years old and am forced to live in HUD housing. 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!! See Mo. I did call Ditech. 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. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. Quite the contrary, North American encouraged others in its offices to replicate the St. Louis scheme, and designated its St. Louis office as a "model" to expand into other cities. I have been a Victim of Greentrees theft since January 2014 when I made a payment on my mortgage but it wasnt applied to my loan. Green Tree was so bad I filed complaint with the Department of Business Oversight in California. After the preliminary hearing, the district court entered a narrowly-tailored injunction. 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. I paid extra on my home every month until I got hurt on the job. 1969)). We agree that both the lead sheets and the information contained in these customer files constitute trade secrets under the act. App. Please ..I want to know how we can be a part of this lawsuit. Co., 333 F. Supp. Greentree Financial - Overview, News & Competitors | ZoomInfo.com Indeed, Conseco had closed thirty of its 150 branch offices within the previous year. Conseco generates potential customer leads through a computerized database, which Conseco developed, that analyzes financial information from over forty million individuals.2 Conseco's computer program identifies individuals who might "benefit" from its debt-consolidation services and compiles a list of the potential customers, which is sent to Conseco's branch offices throughout the country in the form of "customer lead sheets. What happened Greentree Mortgage? What Credit Score Do You Need to Get a Mortgage? [7][17] The company will no longer provide nonprime mortgages. Who, what when and where to I file a claim with the CFPB? Greentree was started in 1999 and maintains three offices in Ft. Lauderdale, Florida, Charlotte, North Carolina and Guangzhou China. Contact Information. 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." Greentree did nothing to help me resolve the situation. To insure the confidentiality of these lead sheets, Conseco requires all employees to sign a form that acknowledges their receipt and understanding of the contents of Conseco's Employee Handbook. I was never late during the five years. Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. Terrence J. O'Toole of St. Louis appeared on the brief. [3] DiTech's rapid growth was fueled in part by an aggressive marketing campaign that included a national television commercial featuring a frustrated loan officer who would mutter, "Lost another loan to DiTech," after losing business to the company. Pros. By the end of August, Green Tree will be no more. The transition concluded in the second half of 2015. Ditech had immensely high unaided brand awareness and customer satisfaction, but many people mistakenly thought Ditech was a subprime lender. Ark. The record establishes that Scott Bristol told North American's senior management that he had not resigned from Conseco when he started working at North American. [18] In June 2014, Ditech's correspondent lending division began focusing on services for community banks and credit unions, offering their customers access to Ditech's technology, underwriting, processing, servicing and marketing expertise.