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Nice article. The district court, however, denied Conseco's remaining request for injunctive relief relating to North American's solicitation of its employees. This meant borrowers who could have kept their homes instead lost them to foreclosure, despite being on payment plans to get back on track. However, a corporate defendant is required to pay punitive damages so long as the employees were acting within the scope of their employment. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. Bristol testified that he believed between one to six of these leads resulted in new business for North American. 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. They are saying it may have been lost in the mail but they refuse so far to make it right. 1981); Hinkle v. Christensen, 733 F.2d 74, 76 (8th Cir. 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. Greentree Financial Group, Inc. 19720 Jetton Road, 3rd Floor Penthouse Cornelius, NC 28031 (704) 892-8733 Office (704) 892-6487 Fax mikebongiovanni@gtfinancial.com. R. Civ. The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations. 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. James & Devern Robertson, I purchased a trailer didnt know the greentrees name was on the title and I still havent received the title and I need that title because I paid the trailer all anybody can help me please do so. The transition concluded in the second half of 2015. The company's unusually aggressive collection methods and other business practices are in question. Any correspondence will be noticed. They tried to triple my mortgage payment when I paid what my mortgage payment actually was and had been for long time. The Mortgage Refinance Process: Step-by-Step Guide, How to Lower Your Mortgage Rate Without Refinancing. We were taking $10,000 a year in losses and there was no end in sight. At-a-glance. 366 were here. Rapid Growth: Mid-1980s Through the Early 1990s Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. How do I find out if they did us wrong. We will leave the question of whether tortious interference remains an independent claim to another court and another day. I am now 72 years old and am forced to live in HUD housing. As such, it captured over 25 percent of that business by 1993. He would lie to my husband and ask why I wouldnt speak to him. The Supreme Court described the first Gore guidepost-the degree of reprehensibility of the defendant's conduct-as the most important indicium of the reasonableness of a punitive damages award. 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!? Later, at trial, he admitted they were working for both companies at the same time. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. We reverse and remand with directions to the trial court to enter judgment in the amount specified in the settlement agreement, plus postjudgment interest and costs. Appeal from the United States District Court for the Eastern District of Missouri, E. Richard Webber, J. Please help me resolve this with ditech. I had one gentleman that called daily multiple times threatening me over and over. Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. I bought my mobile home Like in 1995 and I was kicked out of my mobile home Like in 2015. Yeah, I almost deserve this. I suffered under them for no apparent reason as my payments were made on time. 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. Yet my accounting paperwork they sent says HMP mid-capitalized..My note has no bank endorsements, my assignment is missing my name and has stamped robo signed for Mers supposed employee and notary which is not legal..Notarys have to have original signatures. Never explained that they were going to do this. I feel I was ripped off became homeless because of Green Tree. 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. 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. It is apparent that North American developed the theory raised in their Rule 50(b) motion only after the jury's verdict because it (1) failed to object to the general-verdict form, (2) offered no jury instructions explaining Missouri's difficult proof standard for lost profits, and (3) made no substantive objection to the damage instruction. As such, the district court abuses its discretion in permitting a punitive damage award to stand when the award is so disproportionate to the factors relevant to the size of the award that it reveals "improper motives or a clear absence of the honest exercise of judgment." Nothing happened. The 7am phone calls, they keep threatening me and my family. Sounds like there needs to be a class action lawsuit. How do I get into the law suit? 2003). See Mo. 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. Corp., 136 F.3d 276, 286 (2d Cir. I just cant imagine how the Goverment will let Greentree stay in business or how the people that work there look in the mirror knowing how many people they have hurt . Greentree-financial.com is an online marketplace where a lender can give you a decision instantly for the funds you need. 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. I was diagnosed with breast cancer and just asked for a little guidance from them. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. I was refused several times for a modification. We remand this case to the district court for entry of an amended judgment consistent with this opinion. Kientzy v. McDonnell Douglas Corp., 990 F.2d 1051, 1061 (8th Cir. Under this standard, the district court will only be reversed when "its ruling is obviously insupportable." Thanks in advance. 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. They did the same to me. 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. 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. Registered Address GREEN TREE FINANCIAL SERVICES CORP, 8424 SANTA MONICA BLVD. Greentree has been continually harassing. Have ALL original documents. Before MORRIS SHEPPARD ARNOLD, RICHARD S. ARNOLD, and SMITH, Circuit Judges. In 2013 we fell on hard times. It was their error. Ark. After considering Conseco Finance Servicing Corporation's (Conseco's) 1 unfair competition and tortious interference claims against North American Mortgage Company (North American), a jury returned a verdict against North American on each of the claims and awarded Conseco $3.5 million in actual damages and $18 million in punitive damages. Who is pocketing these payments??? After having been divorced 4 years into the loan and raising children as a single mother, I have made payments late frequently. 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! My mortgage was only suppose to last for 30 years. They harassed me so much while my husband was undergoing chemotherapy with Stage 4 Colon Cancer. Who can I contact file a class action lawsuit against Green Tree, and Ditech? Who, what when and where to I file a claim with the CFPB? But the company is not closing. Both encouragedays us to be 90 days delinquent. They told me if I did not leave my home the Sheriff would B there to put my things out in the snow. In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. We agree. What happened Greentree Mortgage? 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"). 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. 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.