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. 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."). They are saying it may have been lost in the mail but they refuse so far to make it right. We tried to short sale but after 50 days on the market Greentree offered to do a Deed in lieu based on the second mortgage releasing the lien for 10% settlement. Specifically, North American argues that its conduct was not outrageous and did not justify the award, that there was no corporate wrongdoing by North American, and that the punitive damages were an improper remedy for its discovery abuses.10. See Fed. [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. [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. They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? 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. On August 31, 2015, Green Tree Servicing became ditech, a Walter company. Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. Kattleman testified that he was uncertain as to exactly how the customer loan files came to be located in his office at North American. 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. Pony Comp., Inc. v. Equus Comp. FEDERAL TRADE COMMISSION Headquarters Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, DC 20580 Telephone: (202) 326-2222 Constitution Center Federal Trade Commission 400 7th St., SW Washington, DC 20024 Telephone: (202) 326-2222 NOTE: Send mail only to the 600 Pennsylvania Ave., NW (Headquarters) address above. No one seems to know. It purchased Lincoln Income Life Insurance Co. and Bankers National Life Insurance Co. for $32 million and $118 million, respectively. 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. And how does this company get away with this by changing their name constantly. Hi my name is Megan & Im in a bad way with this company fixing to loose my home of 15 years that is suppose to already be paid off have no way to financially fight them cuz everything has went into trying to keep my home. They have been sued and need to be sued again. The State of California received a notice from Ditech that I overpaid something and am due a refund, but Ditech no longer exists. And for mortgages already in a loan modification program, Green Tree must honor loss mitigation agreements entered into by the prior loan servicer. To this day I can remember it like it was yesterday. I did call Ditech. North American also claims that these individual indiscretions do not amount to "corporate" wrongdoing by North American. We would only have 7 years left, if we didnt do this. They owe me 27,000.00 estimated. 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. 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. A due process violation occurs when the punitive damages imposed by the jury are grossly excessive. 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. I would like to have my house back. And will not tell me nothing, except, paid your payment, my lawyer told me I dont miss payments. But, to no avail. Additionally, Conseco produced evidence that Podner made copies of an unspecified number of customer loan files shortly before his resignation. .. The suit alleged that the company's stock was artificially inflated due to questionable accounting practices on the part of the company's former officials. 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. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 1150 (E.D. All we got was harassing calls all day long and at my husbands job. The parties then chose an arbitrator, indeed . They keep selling the mortgage to different companies. They claim they have left messages and I never received any messages. Green Tree Servicing is one of the biggest servicers of home loans in the United States. None of the entities below own or service loans . It was their error. Then again on October 2016 another payment made but not applied. By answering a few simple questions about yourself, and selecting the amount of money you would like to borrow. 1994)). No Company should be able to charge the high of interest fees, plus I was charged for phone transactions. (1) how much will the typical victim be paid? To whom do I make my complaint? I feel I was ripped off became homeless because of Green Tree. 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. 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 I paid my home off in December 2020. A structured process drawing out and defining with you what your vision is of your future. [21], On September 11, 2001, in the U.S., a Ditech commercial was airing on the CNN television channel when it was interrupted for an announcement that a plane had struck one of Twin Towers of the World Trade Center in New York City. According to Missouri law, a "trade secret" is information-including but not limited to-technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, or process that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by other persons who can obtain economic value from its disclosure or use. I was a victim of this as well from Green Tree, but I never received anything regarding this class action lawsuit. Co. v. Haslip, 499 U.S. 1, 23-24, 111 S. Ct. 1032, 113 L. Ed. I was diagnosed with breast cancer and just asked for a little guidance from them. It is important to note that this is a foreign filing. But next months statement shows only the principal stated as due being payed, with the excess going toward interest. CFN Investment Holdings will pay $700 million. They harassed me so much while my husband was undergoing chemotherapy with Stage 4 Colon Cancer. North American argues that the award is based solely on its net worth and is so excessive that it violates due process. Id. Conseco also filed a motion for a temporary restraining order prohibiting certain North American employees from taking, using, or disclosing documents from Conseco's loan files, and to return any information taken from Conseco's files. We paid our home off but greentree said we owed another $17,000. Add my name to whatever I am tired of getting a run around. Just plain NASTY! They then changed their name to Ditech which was just as bad or worse and then filed bankruptcy, selling off the mortgages, who is not much better. Conseco appealed the district court's denial of injunctive relief as to its "raiding" claim. In February 2019, Ditech filed for bankruptcy for the second time in as many years. 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. I was making them but they were not posting my payments or giving me credit and ruined my credit, claiming I was late. Youll be paying these peoples to your Death. My loan is FHA 7% 30 years, fixed rate, with PMI payments. We were forced into renting our condo due to housing collapse that prevented us from selling it. I never received any kind of notice about a Class Action Law Suit. Ruby M Eisenring 321-333-2271, We refinance our home with Greentree which eventually transferred to Ditech. 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. Mathias v. Accor Economy Lodging, Inc., 347 F.3d 672, 676 (7th Cir. I am a victim of Green Tree and Ditech can anyone do anything about it. Its showing on my credit report that Im late , 60 days. All rights reserved. North American responds that the Conseco employees engaged in these acts because of Conseco's financial woes, and that they were simply concerned about their livelihood. P. 50(a) (2). How will former employees be compensated for their income lowering and workload doubling? Now they have lien on my personal property that had nothing to do with this loan. If anyone has a working Phone # or email address I can use to address my Title issue, please let me know . Green Tree Servicing, LLC | Consumer Financial Protection Bureau Enforcement Actions Green Tree Servicing, LLC CFPB and the Federal Trade Commission took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The Manager had my car towed away, and I couldnt afford to get it out of impound. I did send CFPB many documents pertaining to abuse by Green Tree. Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 Yeah, I almost deserve this. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. Cons. Green Tree was so bad it was listed on CA Department of Business Oversight and under strict conditions as to how to handle mortgages. It is clear to us that Conseco derives economic benefit from this information. The case involves employees leaving an agriculture supply business to join a competitor. 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! Calls throughout the day and weekend threatening jail time and foreclosure. Indeed, the conduct involved repeated actions in multiple offices.13 North American's actions also involved trickery and deceit, and an utter disregard for Conseco and-even more heinously-the privacy of its customers. The opposite of how it should work. It appears to me that they came up with this idea claiming not receiving it in the mail to not pay all or some. Ditech had immensely high unaided brand awareness and customer satisfaction, but many people mistakenly thought Ditech was a subprime 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 . The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. The transition concluded in the second half of 2015. You might be able to get more info by calling 1-877-FTC-HELP (1-877-382-4357). The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations. There needs to be a class action lawsuit against these arm twisting loan sharks! [5][20] In May 2007, the company introduced a new marketing campaign, adding the tagline "People Are Smart" and including the signature line Home financing by GMAC to further help distinguish the Ditech brand from direct-to-consumer lenders of questionable repute. The endless calls at all times of day and night being that sick, and I am making a long story very short. On June 8, 2022 the Bankruptcy Court entered an Order governing the distribution of any unclaimed borrower funds remaining in the Ditech estate. And yes, they do call several times a day. During this same period, Conseco's mortgage service division downsized. My lender told me that Green Tree Servicing still has 2nd lein on my property! Who has my payment records from Green Tree and Ditech for the Making Home Affordable Plan which will prove timely payments so i can get the credits and incentives I deserve?