I am now 72 years old and am forced to live in HUD housing. He earned a salary of $150,000 in 1999. Thank you, Kim (ADD ME TO YOUR LIST). I quit answering the phone calls but saved all their numbers for later proof of their harassment. But the company is not closing. Bristol testified that he believed between one to six of these leads resulted in new business for North American. They keep selling the mortgage to different companies. 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! But, to no avail. Therefore we begin by noting that the district court gave correct and distinct instructions relating the purpose and standard for punitive damages, and turn our focus to the reprehensibility of North American's conduct. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. Lyn-Flex West, Inc. v. Dieckhaus, 24 S.W.3d 693, 697-698 (Mo.App.1999). Mathias v. Accor Economy Lodging, Inc., 347 F.3d 672, 676 (7th Cir. I did send CFPB many documents pertaining to abuse by Green Tree. 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. The complaint alleged ESI had failed to pay $45,000 due . The company has also been ordered to halt all mortgage servicing violations, including how much consumers owe Green Tree. .. Podner did not specify the exact number of loan applications copied. Please help me resolve this with ditech. [7] Institutional partners can price, lock and deliver individual loans through the Ditech website. Our online loans service can give . I received my first notice from Ditech that my mortgage was in arrears..after speaking with several CSD representatives.. Not stressful at all. Cooper Indus., Inc. v. Leatherman Tool Group, Inc., 532 U.S. 424, 435, 121 S. Ct. 1678, 149 L. Ed. My payments went back up to what they were before the nodification. They are nothing but crooks. 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. Vigoro contended that the names of 200 former customers constituted a trade secret. I had a modification done with Bank Of America. 1995)). 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. I was sent partial history of account.. I was thrown out in the poring down rain with no place to go. North American senior manager, Ken Keeler, provided rebuttal expert testimony, stating that the average-net profit on a loan was $2,100.4 Carrie Hiatt, a North American witness, further testified that approximately ten percent of certain Conseco leads resulted in funded loans. 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"). 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. I was a victim of this as well from Green Tree, but I never received anything regarding this class action lawsuit. 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. 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. Cons. Who is pocketing these payments??? My loan started out at 48,000 on my double wide, paid on it for about 16 years and now owe 67,000 on it. Before MORRIS SHEPPARD ARNOLD, RICHARD S. ARNOLD, and SMITH, Circuit Judges. [2] It also announced a corporate re-branding with its servicing affiliate, Green Tree Servicing, which took place in 2015. 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. Further, because the common law and the statutory elements of the claim remain the same, any resulting error would likely be harmless. Greentree Financial 7360 S Kyrene Road Tempe, Arizona U.S.A. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com. In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. I had to call them while working and my coworkers heard then yelling & threatening me if I was late. 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. This list included the names and phone numbers of these customers. On August 31, 2015, Green Tree Servicing became ditech, a Walter company. Workers, 34 F.3d 1148, 1155 (2d Cir. I lost my home to green tree mortgage in 2010. 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. Also, some employees noted that Conseco had recently placed significant restraints on its area managers' loan authority. 7410 S Roosevelt St Ste. In some instances, the former Conseco office managers also took their staffs of loan originators with them to North American. Any normal good company with a major bank documentation would understand or have a solution. 966, 968 (E.D. However, the jury (and the district court) rejected this theory, opting for an alternative explanation-North American's desire to expand into the subprime market, at any cost.14 North American has not shown that the jury's assessment of the facts was unreasonable. Statement shows a breakdown of current payment due in terms of principal and interest. 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. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system. I had one gentleman that called daily multiple times threatening me over and over. Greenpoint Mortgage was shut down today by parent Capital One Financial Corp., who said weak demand for residential home loans forced the company to shut the ailing mortgage lender. 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. I got mad, I never refinance my mortgage. A structured process drawing out and defining with you what your vision is of your future. Id. R. Civ. If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Given North American's failure to comply "with Rule 50, our review is limited to `whether the record reflects an absolute dearth of evidentiary support for the jury's verdict.'" The current range of Greentree modules covers the key areas of Financials, Distribution and Job Management. Helping Clients With Custom Financing Options And Consulting Services, Greentree Offers Direct Financing And. 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 opposite of how it should work. 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." 366 were here. Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. The Court, however, went on to note that " [w]hile these ratios are not binding, they are instructive. They told me to pay my payments or lose my mobile home. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. It further found that Conseco was likely to succeed on its claims of misappropriation of trade secrets against North American relating to the actions of Podner and Kattleman, but not Bristol. However, he speculated that as many as ten of these former Conseco customers could have switched their business to North American. I have confirmation numbers from my bank and I have never had a problem paying this way, even to them. Im 83 years old, Ive been harassed by Green Tree from the time I purchased the Mobile home in 2001, Ive saw the go from Conseco Finance, Ditech to all kinds of Finance companies, You want ever know who you dealing with, So who actually owns these companies now? Tried to get relief through an attorney has messed over me. File it with the cfpb and ftc. Green Tree was so horrible they threatened me while in the hospital. Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV, Mortgage Lenders In Europe Now Owe Their Borrowers Interest, How to Get a Mortgage: From Start to Finish. Your email address will not be published. Sys. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. of Mo., Inc., 162 F.3d 991, 998 (8th Cir. By the end of August, Green Tree will be no more.